Spotter Corporation reported the following for June In Its perlodic Inventory records. Date Description Beginning Units Unit Cost Total Cost June 1 12 $ 8 $ 96 11 Purchase 38 9. 342 24 Purchase 20 11 220 30 Ending 24 Requlred: 1. Calculate the cost of ending Inventory and the cost of goods sold under the (a) FIFO and (b) welghted average cost methods. not round your Intermedlate calculations. Round "Welghted Average Cost" to 2 decimal places.) Cost of Ending Cost of Goods Inventory Sold FIFO 256 402 Weighted average cost
Spotter Corporation reported the following for June In Its perlodic Inventory records. Date Description Beginning Units Unit Cost Total Cost June 1 12 $ 8 $ 96 11 Purchase 38 9. 342 24 Purchase 20 11 220 30 Ending 24 Requlred: 1. Calculate the cost of ending Inventory and the cost of goods sold under the (a) FIFO and (b) welghted average cost methods. not round your Intermedlate calculations. Round "Welghted Average Cost" to 2 decimal places.) Cost of Ending Cost of Goods Inventory Sold FIFO 256 402 Weighted average cost
Chapter10: Inventory
Section: Chapter Questions
Problem 2PA: Trini Company had the following transactions for the month. Calculate the ending inventory dollar...
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