Carla Vista Co. uses a periodic inventory system and reports the...
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Accounting
Carla Vista Co. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 Explanation Inventory Purchases Purchases Inventory Units 88 352 Unit Cost $4 Total Cost $ 352 2,112 1,760 6 23 220 8 30 200 (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, e.g. 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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