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What the dollar value of the cost of goods sold is

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Cameron Company uses the periodic inventory method. In June, the beginning balance is 200 units at $3 per unit. During June, it made two purchases in the following sequence: (1) 1,300 units at $5, and (2) 500 units at $6. A physical count of units at the end of June revealed that 300 units were on hand.

Problem 1: If the company uses the average cost method, the dollar value of the ending inventory is $

Problem 2: If instead, the company uses the LIFO inventory method, the dollar value of the cost of goods sold is

Reference no: EM132882875

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