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Wildhorse Company reports the following for the month of June. Units Unit Cost Total Cost...

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Accounting

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Wildhorse Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 200 $ 4.00 $ 800 12 Purchase 250 5.00 1,250 23 Purchase 550 6.00 3,300 30 Inventory 60 (a) Your answer is partially correct. Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. FIFO LIFO Ending inventory $ 360 $ 240 Cost of goods sold $ tA $ (b) Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round per unit cost calculations to 2 decimal places, e.g. 5.25 and final answers to decimal places, e.g. 125.) Ending inventory LA Cost of goods sold $

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