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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 of 420 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations and final answers to 0 decimal places, e.g. 125.)
Pronghorn Corp uses a perpetual inventory system reports the following for the month of June. (a) Calculate the average cost per unit, using a perpetual inventory system. Assume a sale of 420 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations to 0 decimal places, ez. 5.250 and final answer to 3 decimal pleces, e5. 5.125.J June 1$ June 12$ June 15$ June 23$ June 27$ (b1) 6 Your answer is partially correct. Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual irventory system. Assume a sale of 420 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $ B. (Round intermediete calculations and final ansivers to 0 decimal places, es. 125.)
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