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Kiser Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost
June 1 Inventory 165 $7 $1,155
June 12 Purchase 496 8 3,968
June 23 Purchase 662 9 5,958
June 30 Inventory 265

Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average cost.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978077

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