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Inventory Information Inventory on hand at the beginning of June: Units Cost / unit Total Cost Purchase # 1 12 35 $420 Purchase # 2 14 40 560 26 $980 June 2019 transactions related to buying and selling gidgit inventory 1-Jun Sold 16 gidgits at $98 each on credit 6-Jun Purchased 25 gidgits at a cost of $45 per gidgit on credit 15-Jun Sold 27 gidgits at $105 each on credit 20-Jun Purchased 30 gidgits at a cost of $50 per gidgit on credit 24-Jun Sold 25 gidgits at $108 each on credit The PHYSICAL count of gidgit inventory on hand at June 30, 2019 shows 10 gidgits at a LIFO cost of $980.

Beginning Inventory	Units	Cost / unit	Cost
	12	35	420
	14	40	560
	26		980
LIFO
	Purchases			Cost of Goods Sold			Inventory on Hand
		Unit	Total		Unit	Total		Unit	Total
Date	Quantity	Cost	Cost	Quantity	Cost	Cost	Quantity	Cost	Cost
FIFO
	Purchases			Cost of Goods Sold			Inventory on Hand
		Unit	Total		Unit	Total		Unit	Total
Date	Quantity	Cost	Cost	Quantity	Cost	Cost	Quantity	Cost	Cost
Weighted Avg
	Purchases			Cost of Goods Sold			Inventory on Hand
		Unit	Total		Unit	Total		Unit	Total
Date	Quantity	Cost	Cost	Quantity	Cost	Cost	Quantity	Cost	Cost

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