Headlands Industries uses a periodic inventory system and reports the following for the month of...
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Accounting
Headlands Industries 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 120 390 190 Unit Cost $5 6 7 Total Cost $ 600 2,340 1,330 235 Calculate weighted average unit cost. (Round answer 3 decimal places, e.g. 5.125.) Weighted average unit cost $ e Textbook and Media Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost $ $ $ The cost of the ending inventory The cost of goods sold $ $ $ e Textbook and Media
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