Windsor, Inc. uses a periodic inventory system and reports the following for the month of June.r
r Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. r

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Date June 1 Inventory 12 23 Explanation 30 Purchase Purchase Inventory Units 120 380 210 214 Unit Cost $5 6 7 Total Cost $600 2,280 1,470 Date June 1 Inventory 12 23 Explanation 30 Purchase Purchase Inventory Units 120 380 210 214 Unit Cost $5 6 7 Total Cost $600 2,280 1,470

Answer rating: 100% (QA)

Date Explanation Units Unit costs Total cost Jun01 inventory 120 5 600 Jun12 purchase 380 6 2280 Jun... View the full answer