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Calculate Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and...

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Accounting

Calculate Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost

Spotter Corporation reported the following for June in its periodic inventory records.

Date Description Units Unit Cost Total Cost
June 1 Beginning 12 $ 8 $ 96
11 Purchase 38 9 342
24 Purchase 20 11 220
30 Ending 24

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