Kaleta Company uses a periodic system to report the following for the month of June. Units Unit
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Question:
Kaleta Company uses a periodic system to report the following for the month of June.
Units | Unit Cost | Total Cost | ||
---|---|---|---|---|
June 1 | Inventory | 404 | $3 | $1,212 |
12 | Purchase | 808 | 7 | 5,656 |
23 | Purchase | 606 | 10 | 6,060 |
30 | Inventory | 202 |
{a} Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.
Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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