Monty Corp. uses a periodic inventory system and reports the following for the month of...
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Monty Corp. uses a periodic inventory system and reports the following for the month of June. 08 Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $5 $ 650 12 Purchases 370 6 2,220 23 Purchases 220 7 1,540 Inventory 250 30 Calculate weighted average unit cost. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory Senter a dollar amount Senter a dollar amount Senter a dollar amount The cost of goods sold
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