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Bonita Company reports the following for the month of June.

Date		Explanation		Units		Unit Cost			Total Cost
June 1		Inventory		200		$3			$600
12		Purchase		400		6			2,400
23		Purchase		400		7			2,800
30		Inventory		50

Assume a sale of 500 units occurred on June 15 for a selling price of $8 and a sale of 450 units on June 27 for $9.

(a1)

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Calculate cost of goods available for sale.

The cost of goods available for sale

$Enter the cost of goods available for sale in dollars

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(a2)

Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.)

June 1		$Enter a dollar amount
June 12		$Enter a dollar amount
June 15		$Enter a dollar amount
June 23		$Enter a dollar amount
June 27		$Enter a dollar amount

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(a3)

Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, e.g. 1,250.)

		FIFO		LIFO		Moving-Average Cost
The cost ending inventory		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount
The cost of goods sold		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount

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