Question: View Policies Current Attempt in Progress w Sage Hill Inc uses a periodic inventory system and reports the following for the month of June. Date
View Policies Current Attempt in Progress w Sage Hill Inc uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchases Purchases Inventory Units 104 416 260 240 Unit Cost $4 6 Total Cost $416 2,496 2,080 8 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, eg. 5.275. Round answers to decimal places, eg. 125.) FIFO LIFO Average-Cost The cost of the ending inventory $ The cost of goods sold $ View Policies Current Attempt in Progress w Sage Hill Inc uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchases Purchases Inventory Units 104 416 260 240 Unit Cost $4 6 Total Cost $416 2,496 2,080 8 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, eg. 5.275. Round answers to decimal places, eg. 125.) FIFO LIFO Average-Cost The cost of the ending inventory $ The cost of goods sold $
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