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*Exercise 6-17 a 1-a3 (Video) Sheridan Company reports the following for the month of June. Unit Date Explanation Units Cost Total Cost June 1 Inventory
*Exercise 6-17 a 1-a3 (Video) Sheridan Company reports the following for the month of June. Unit Date Explanation Units Cost Total Cost June 1 Inventory 260 $6 $1,560 12 Purchase 520 7 3,640 23 Purchase 390 8 3,120 30 Inventory 130 Assume a sale of 572 units occurred on June 15 for a selling price of $9 and a sale of 468 units on June 27 for $10. Your answer is correct. Calculate cost of goods available for sale. The cost of goods available for sale 578320 Your answer is partially correct. Try again. Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, eg. 2.525.) June 1 June 12 $16.667 $16.667 June 15 June 23 7.188 June 27 7.188 x Your answer is incorrect. Try again Calculate the cost of the ending Inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory syste (Round average cost per unit to 3 decimal places, c.g. 12.520 and final answer to o decimal places, eg. 1,252) FIFO LIFO Moving Average Cost The cost ending inventory 4100 3450 3810 The cost of goods sold 4220 4870 4511 Question Attempts: 2 of 3 u
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