PROBLEM 6-2 B.docx - Problem 6-2B(a Determine the Cost of...

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Problem 6-2B(a) Determine the Cost of Goods Available for SaleDate
(b) Determine the ending inventory and cost of goods sold under each of the assumed cost flow methods. Prove the accuracy of the cost of goods sold under FIFO and LIFO.
June 29 060TotalAmountTotal42,100LIFO(1) Ending Inventory (2) Cost of Goods SoldDateUnitsUnit CostTotal CostCost of goods available for sale77,100June 1 $June 35200315,600Less: ending inventory20,600

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