Compute the cost of the ending inventory and the cost of


Kaleta Company reports the following for the month of June.

Units Unit Cost Total Cost
June 1 Inventory 216 $6 mce_markernbsp;1,296
12 Purchase 432 8 3,456
23 Purchase 324 10 3,240
30 Inventory 108

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

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Accounting Basics: Compute the cost of the ending inventory and the cost of
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