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Compute the cost of the ending inventory

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Reference no: EM131702743

Question - Koleta Company uses a periodic system reports the following for the month of June.

 

 

Units

Unit Cost

Total Cost

June 1

Inventory

404

$3

$1,212

June 12

Purchase

808

7

5,656

June 23

Purchase

606

10

6,060

June 30

Inventory

202

 

 

Required - Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.

Reference no: EM131702743

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