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Exercise 6-14 Cullumber Company reports the following for the month of June. Date June 1 Explanation Inventory Purchases Purchases Inventory Units 109 335 204 205
Exercise 6-14 Cullumber Company reports the following for the month of June. Date June 1 Explanation Inventory Purchases Purchases Inventory Units 109 335 204 205 Unit Cost $5 6 12 Total Cost $545 2,010 1,428 23 7 30 A sale of 394 units occurred on June 15 for a selling price of $7 and a sale of 49 units on June 27 for $8. Your answer is partially correct. Try again. Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) June 1 X June 12 5.75 X June 15 5.75 June 23 6.75 June 27 6.75 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 of 394 units occurred on June 15 for a selling price of $7 and a sale of 49 units on June 27 for $8. (Round answers to O decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory 1728 1678 448536 The cost of goods sold 2255 2305 3534464
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