Question
Assume a sale of 695 units occurred on June 15 for a selling price of $11 and a sale of 569 units on June 27
Assume a sale of 695 units occurred on June 15 for a selling price of $11 and a sale of 569 units on June 27 for $12. Calculate cost of goods available for sale.
Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. $5.250.)
Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 668 units occurred on June 15 for a selling price of $10 and a sale of 735 units on June 27 for $11. (Round answers to 0 decimal places, e.g. $2,120.)
FIFO LIFO Moving-Average Cost The cost ending inventory $ $ $ The cost of goods sold $ $ $
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