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Exercise 6-14 Pronghorn Corp reports the following for the month of June Date Units Total Cost Explanation Inventory Purchases Purchases Inventory Unit Cost 120 346
Exercise 6-14 Pronghorn Corp reports the following for the month of June Date Units Total Cost Explanation Inventory Purchases Purchases Inventory Unit Cost 120 346 189 229 $600 2,076 1,323 $5 June 1 12 23 30 6 A sale of 375 units occurred on June 15 for a selling price of $8 and a sale of 51 units on June 27 for 9 Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) June 1 June 12 June 15 June 23 June 27 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 375 units occurred on June 15 for a selling price of $8 and a sale of 51 units on June 27 for $9. (Round answers to 0 decimal places, eg. 125.) FIFO LIFO Moving-Average The cost of the ending inventory s The cost of goods sold Click if you would like to Show Work for this question: Open Show Work
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