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Exercise 6-16 (Part Level Submission) Moath Company reports the following for the month of June. Date June 1 Explanation Inventory Purchase Purchase Inventory Unit Units
Exercise 6-16 (Part Level Submission) Moath Company reports the following for the month of June. Date June 1 Explanation Inventory Purchase Purchase Inventory Unit Units Cost 348 $8 6969 522 10 174 Total Cost $2,784 6,264 5 ,220 12 23 30 Assume a sale of 766 units occurred on June 15 for a selling price of $11 and a sale of 626 units on June 27 for $12. (a3) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual Inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to decimal places, e.g. 1,250.) FIFO LIFO Moving-Average Cost The cost ending inventory 1659 The cost of goods sold 12609
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