Carla Vista Company uses a periodic inventory system and reports the following for the month of June. Date June 1 Inventory Purchase Purchase 12 23 Explanation Units 30 Inventory 100 385 200 230 Unit Cost Total Cost $500 $5 7 2,310 1,400

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
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Chapter10: Inventory
Section: Chapter Questions
Problem 8EA: Calculate the cost of goods sold dollar value for A65 Company for the month, considering the...
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Ef 36.

Carla Vista Company uses a periodic inventory system and reports the following for the month of June.
Date
June 1
12
23
30
Explanation Units
Inventory
Purchase
Purchase
Inventory
100
385
200
230
Unit Cost Total Cost
$5
6
7
$500
2,310
1,400
Transcribed Image Text:Carla Vista Company uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Inventory Purchase Purchase Inventory 100 385 200 230 Unit Cost Total Cost $5 6 7 $500 2,310 1,400
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0
decimal places, e.g. 125.)
Cost of the ending inventory $
Cost of goods sold
FIFO
S
LIFO
$
$
Average-cost
Transcribed Image Text:Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) Cost of the ending inventory $ Cost of goods sold FIFO S LIFO $ $ Average-cost
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