Question
Cheyenne Corp.reports the following for the month of June. date explanation units unit costs total cost june 1 inventory 131 35 655 12 purchases 371
Cheyenne Corp.reports the following for the month of June.
date explanation units unit costs total cost
june 1 inventory 131 35 655
12 purchases 371 6 2226
23 purchases 190 7 1330
30 inventory 232
A sale of414units occurred on June 15 for a selling price of $9and a sale of46units on June 27 for $10.
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
$
eTextbook and Media
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 of414units occurred on June 15 for a selling price of $9and a sale of46units on June 27 for $10.(Round answers to 0 decimal places, e.g. 125.)
FIFO
LIFO
Moving-Average
The cost of the ending inventory$$
$The cost of goods sold$$$
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