Exercise 6-16 (Part Level Submission)

Moath Company reports the following for the month of June.

Date		Explanation		Units		Unit Cost			Total Cost
June 1		Inventory		204		$6			$1,224
12		Purchase		408		7			2,856
23		Purchase		306		8			2,448
30		Inventory		102

Assume a sale of 449 units occurred on June 15 for a selling price of $9 and a sale of 367 units on June 27 for $10.

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.)

Exercise 6-16 (Part Level Submission) Moath Company reports the following for the month of June. Date Explanation Units Cost Total Cost Unit June 1 Inventory 204 $6 $1,224 408 2,856 12 Purchase 23 Purchase 306 2,448 102 30 Inventory Assume a sale of 449 units occurred on June 15 for a selling price of $9 and a (a1) Your answer is correct. Calculate cost of goods available for sale. The cost of goods available for sale 6528 SHOW SOLUTION SHOW ANSWER LINK TO TEXT v (a2) Your answer is correct Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answ June 1 June 12 6.667 June 15 6.667 June 23 7.536 June 27 7.536 SHOW SOLUTION SHOW ANSWER LINK TO TEXT