Question
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 of 400 units occurred on June 15 for a selling price of $9 and a sale of 50 units on June 27 for $10. (Round answers to 0 decimal places, e.g. 125.) 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 of 400 units occurred on June 15 for a selling price of $9 and a sale of 50 units on June 27 for $10. (Round answers to 0 decimal places, e.g. 125.)
Ayayai Corp. uses a periodic inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost 10 June 1 Inventory 120 $600 2,160 12 Purchases 360 23 Purchases 170 1,190 30 Inventory 200 A sale of 400 units occurred on June 15 for a selling price of $9 and a sale of 50 units on June 27 for $10. FIFO LIFO Moving-Average The cost of the ending inventory The cost of goods sold $
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