Just One Product (JOP) began operating on June 26 with no inventory on hand. It then made the purchases listed below. JOP sold and delivered 46 units on June 30. DateDescriptionUnitsUnit CostTotal CostJune 27Purchase12$ 8$ 96June 28Purchase389342June 29Purchase2011220Calculate the cost of ending inventory and the cost of goods sold under LIFO. Just One Product (JOP) began operating on June 26 with no inventory on hand. It then made the purchases listed below. JOP sold anddelivered 46 units on June 30.DateJune 27June 28June 29DescriptionPurchasePurchasePurchaseUnits123820Required 1 Required 2Required:1. Calculate the number and cost of goods available for sale.2. Calculate the number of units in ending inventory at June 30.3. Calculate the cost of ending inventory and the cost of goods sold under LIFO.LIFOUnit Cost$ 8911Complete this question by entering your answers in the tabs below.Required 3Total Cost$ 96342220Calculate the cost of ending inventory and the cost of goods sold under LIFO.Cost of EndingInventoryCost of GoodsSold< Required 2Required 3 >

Name: Just One Product (JOP) began operating on June 26 with no inventory on
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Just One Product (JOP) began operating on June 26 with no inventory on hand. It then made the purchases listed below. JOP sold and delivered 46 units on June 30. DateDescriptionUnitsUnit CostTotal CostJune 27Purchase12$ 8$ 96June 28Purchase389342June