Question

Martinez Corp. reports the following for the month of June.

Date		Explanation		Units		Unit Cost		Total Cost
June 1		Inventory		129		$5		$ 645
12		Purchases		339		6		2,034
23		Purchases		187		7		1,309
30		Inventory		236

Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Weighted-average unit cost

$enter weighted-average unit cost in dollars rounded to 3 decimal places

eTextbook and Media

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.)

		FIFO		LIFO		Average-cost
The cost of the ending inventory		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places
The cost of goods sold		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places

Answer 1