Date Explanation Units Unit Cost Total Cost FIFO LIFO Average-costEggers Company reports the following for the month of June. Date Explanation Units Unit Cost Total CostJune 1Inventory187$8$ 1,49612Purchases57695,18423Purchases311113,42130Inventory358 Solution Weighted-average unit cost = Total Cost / total no. of units => ( 1496 + 5184 + 3421) / ( 187+ 576 + 311 ) => 10101/1074 Weighted-average unit cost => $ 9.405 cost per unit FIFO Cost of Ending inventory = (311* 11) + [ ( 358-311) * 9) => 3421 + ( 47* 9) => 3421 + 423 Cost of Ending inventory as per FIFO => $3844 Cost of goods sold as per FIFO Total no of units sold = 716 units Cost of goods sold as per FIFO = (187*8) + (529*9) => 1496 + 4761 Cost of goods sold as per FIFO => $6257 LIFO Cost of Ending inventory = (187 *8)+[ (358 - 187 ) * 9 ] => 1496 + (171*9) => 1496+1539 Cost of Ending inventory as per LIFO => $3035 Cost of goods sold as per LIFO Total no of units sold = 716 units Cost of goods sold as per LIFO = (311 * 11) + [ ( 716 -311) * 9 ] => 3421 + (405 *9) => 3421 + 3645 Cost of goods sold as per LIFO => $7066.

1. Date
Explanation
Units
Unit Cost
Total Cost
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FIFO
LIFO
Average-costEggers Company reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total CostJune 1Inventory194$8$
1,55212Purchases598105,98023Purchases323113,55330Inventory372
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Solution
FIF0weighted-averageCalculate weighted-average unit cosQyValueRateOpening Stock +
Purchase1115110859.94