Spotter corporation reported the following for june in its periodic inventory records. date description units unit cost total cost june 1 beginning 16 $ 8.80 $ 140.80 11 purchase 40 9.80 392.00 24 purchase 24 11.80 283.20 30 ending 28
required: calculate the cost of ending inventory and the cost of goods sold under the
(a) fifo,
(b) lifo
(c) weighted average cost methods
Answers: 3
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