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Eastland Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 334 $7 $2,338 June 12

Eastland Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost June 1 Inventory 334 $7 $2,338 June 12 Purchase 501 8 4,008 June 23 Purchase 835 9 7,515 June 30 Inventory 267

Assume a sale of 668 units occurred on June 15 for a selling price of $10 and a sale of 735 units on June 27 for $11.

Calculate cost of goods available for sale.

The cost of goods available for sale $

Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. $5.250.)

June 1 $ June 12 $ June 15 $ June 23 $ June 27 $

Calculate the 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 668 units occurred on June 15 for a selling price of $10 and a sale of 735 units on June 27 for $11. (Round answers to 0 decimal places, e.g. $2,120.)

FIFO LIFO Moving-Average Cost The cost ending inventory $ $ $ The cost of goods sold $ $ $

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