Solution-Compute the cost of the ending inventory

Compute the cost of the ending inventory

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Question - Cullumber Company reports the following for the month of June.

June 1 Inventory 200 $3 $ 600

June 12 Purchase 400 7 2,800

June 23 Purchase 300 10 3,000

June 30 Inventory 100

Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.

Reference no: EM132276462

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Compute the cost of the ending inventory

Reference no: EM132276462

Reference no: EM132276462

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