Wildhorse Company uses a periodic inventory system and reps the following for the month of June....

Transcribed Image Text:

Wildhorse Company uses a periodic inventory system and reps the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $5 $650 22 12 Purchase 370 6 2,220 23 Purchase 190 7 1,330 30 Inventory 193 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, eg. 5,125.) Cost of the ending inventory $ Cost of goods sold $ FIFO LIFO SA +A Average-cost Wildhorse Company uses a periodic inventory system and reps the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $5 $650 22 12 Purchase 370 6 2,220 23 Purchase 190 7 1,330 30 Inventory 193 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, eg. 5,125.) Cost of the ending inventory $ Cost of goods sold $ FIFO LIFO SA +A Average-cost