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  3. suppose that amazon uses a periodic inventory syst

Suppose that Amazon uses a periodic inventory system and reports the following for the month...

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Accounting

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 12 23 Explanation Units Inventory Purchase Purchase 30 Inventory Ending inventory 180 Cost of goods sold 420 600 224 Unit Cost FIFO $4 5 6 Total Cost Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 2,520.) LA $ $720 $ 2,100 3,600 LIFO $ LA $ AVERAGE-COST F
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Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) aversige-cost. (Round averoge cost per unit to 2 decimal places, es. 5.25 and final answers to 0 decimal places, e.s. 2,520

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