Larkspur, Inc. uses a periodic inventory system and reports thefollowing for the month of June. Date | | Explanation | | Units | | Unit Cost | | Total Cost |
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June 1 | | Inventory | | 105 | | $5 | | $ 525 |
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12 | | Purchases | | 375 | | 6 | | 2,250 |
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23 | | Purchases | | 205 | | 7 | | 1,435 |
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30 | | Inventory | | 240 | | | | |
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Calculate weighted-average unit cost. (Round answerto 3 decimal places, e.g. 5.125.) Weighted-average unit cost | | $enter a weighted-average unit costin dollars |
eTextbook and Media     Compute the cost of the ending inventory and the cost of goodssold under FIFO, LIFO, and average-cost. (Round answersto 0 decimal places, e.g. 125.) | | FIFO | | LIFO | | Average-cost |
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The cost of the ending inventory | | $enter a dollar amount | | $enter a dollar amount | | $enter a dollar amount |
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The cost of goods sold | | $enter a dollar amount | | $enter a dollar amount | | $enter a dollar amount |
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eTextbook and Media | | |
eTextbook and Media
List of Accounts
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Compute the cost of the ending inventory under the average-costmethod, assuming there are 400 units on hand at the end of theperiod. (Round answer to 0 decimal places, e.g.125.)
The cost of the ending inventory | | $enter the cost of the endinginventory in dollars |
eTextbook and Media
List of Accounts
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