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Exercise 6-16 (Part Level Submission) Moath Company reports the following for the month of June. Unit Cost Date Explanation Units Total Cost June 1 216
Exercise 6-16 (Part Level Submission) Moath Company reports the following for the month of June. Unit Cost Date Explanation Units Total Cost June 1 216 $7 Inventory Purchase 12 432 8 $1,512 3,456 2,916 23 Purchase 324 9 30 Inventory 108 Assume a sale of 475 units occurred on June 15 for a selling price of $10 and a sale of 389 units on June 27 for $11. (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 0 decimal places, e.g. 1,250.) FIFO LIFO Moving-Average Cost The cost ending inventory $ The cost of goods sold $
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