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Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale
Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of410units occurred on June 15 for a selling price of $8and a sale of50units on June 27 for $9.(Round answers to 0 decimal places, e.g. 125.)
FIFO | LIFO | Moving-Average | |
The cost of the ending inventory | $ | $ | $ |
The cost of goods sold | $ | $ | $ |
Eggers Company reports the following for the month of June.
Date | Explanation | Units | Unit Cost | Total Cost |
June 1 | Inventory | 120 | $5 | $600 |
June 12 | Purchases | 370 | 6 | 2,220 |
June 23 | Purchases | 200 | 7 | 1,400 |
June 30 | Inventory | 230 |
A sale of410units occurred on June 15 for a selling price of $8and a sale of50units on June 27 for $9.
Calculate the average cost per unit, using a perpetual inventory system.(Round answers to 3 decimal places, e.g. 5.125.)
June 1 | $ |
June 12 | $ |
June 15 | $ |
June 23 | $ |
June 27 | $ |
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