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1:41: E H I J K Starshine Coffee Equipment sells European style coffee makers and uses a perpetual inventory system. Its inventory records show that
1:41: E H I J K Starshine Coffee Equipment sells European style coffee makers and uses a perpetual inventory system. Its inventory records show that on June 1. Starshine had 12 units on hand at a cost of $220 each. Transactions related to purchase and sale of coffee makers in June were as follows Per unit Date Transaction Units Cost Sales price June 10 Sale $3.00 $510 June 15 Sale $4.00 $510 June 20 Purchase $5.00 $230.00 June 22 Purchase $8.00 6240.00 June 30 Sale $10.00 5500 Instructions 13 For each of the following cost formulas, calculate the ending inventory as at June 30 and the cost of goods sold for the month of June. Prove the cost of goods sold calculations. 15 FIFC Purchases Cost of goods sold Balance Date Units Cost Total Unit Cost Total Units Cost Total COGG Ending Inventory= Average Cast Purchases Cost of goods sold Balance Date Units Cost Total Units Cost Total Units Cost Total COGS = Ending Inventory=
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