1. (20 points) Wang Company reports the following for the month of June Units Unit...
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1. (20 points) Wang Company reports the following for the month of June Units Unit Cos Total Cosi June ! Inventory 300 *500 150,000 12 Purchase 450 600 270,000 23 Purchase 750 700 $25,000 30 Inventory 240 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO. (b) Compute the cost of the ending inventory and the cost of goods sold using the average- cost method
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