(Answered) Question - kaleta company uses a periodic system reports

Accounting

Question - Kaleta Company uses a periodic system reports the following for the month of June.

		Units	Unit Cost	Total Cost
June 1	Inventory	400	$4	$1,600
12	Purchase	800	7	5,600
23	Purchase	600	12	7,200
30	Inventory	200

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

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