Sage Hill Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 78 units vere sold. Explanation Inventory Units Unit Cost Total Cost Date May 1 33 $8 $264 15 Purchase 27 243 24 Purchase 40 10 400 Total 100 $907
Sage Hill Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 78 units vere sold. Explanation Inventory Units Unit Cost Total Cost Date May 1 33 $8 $264 15 Purchase 27 243 24 Purchase 40 10 400 Total 100 $907
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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give me the weighted average cost per unit and ending inventory for FIFO, LIFO, and for Average-Cost.

Transcribed Image Text:Exercise 6-05
Sage Hill Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 78 units vere sold.
Date
Explanation
Units
Unit Cost
Total Cost
May 1
Inventory
33
$8
$264
15
Purchase
27
243
24
Purchase
40
10
400
Total
100
$907
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