Spotter Corporation reported the following for June in its periodic inventory records Total Cost $216.00...
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Spotter Corporation reported the following for June in its periodic inventory records Total Cost $216.00 778.80 469.20 Date Description Units Unit Cost une 1 Beginning 14.28 20 10.80 11 Purchase 24 Purchase 30 Ending 11.80 13.80 points 34 38 eBook Required 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.) Hint Cost of Ending Cost of Goods Sold Inven Ask FIFO LIFO Weighted Average Cost Print References 2. Which of the three methods will lead to reporting the highest net income? O FIFO O LIFO O Weighted Average Cost
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