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Eastland Company reports the following for the month of June. Date Explanation Units Unit cost Total cost Jun-01 Inventory 388 5 1,940 12 Purchase 582

Eastland Company reports the following for the month of June.

Date

Explanation

Units

Unit cost

Total cost

Jun-01

Inventory

388

5

1,940

12

Purchase

582

9

5,238

23

Purchase

970

11

10,670

30

Inventory

310

  1. Calculate Weighted Average Unit Cost.
  2. Compute the cost of the ending inventory and the cost of goods sold using the average-cost method.

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