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Exercise 6-14 a-bi (Part Level Submission) Riverbed Corp uses a periodic inventory system reports the following for the month of June. Unit Cost Date nel
Exercise 6-14 a-bi (Part Level Submission) Riverbed Corp uses a periodic inventory system reports the following for the month of June. Unit Cost Date nel Explanation Inventory Purchases Purchases Inventory Units 140 360 220 Total Cost $700 2,150 1,540 2) 270 A sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (a) Your answer is correct. Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) 5.000 June 1 June 125 June 1s June >> 1 June 27 .7. 5.720 .600 .600 SHOW SOLUTIONSHOW ANSWER LINK TO TEXT LINK TO VIDEO Attempts: 1 of 3 used (61) Calculate cost of the ending inventory and the cost of goods sold for each flow assumption, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Round answers to o decimal places, e.g. 125.) FIFO LEO Moving-Average The cost of the ending inventory s The cost of goods sold
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