Exercise 6-17 a1-a3 (Video) Bonita Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $3 $600 12 Purchase 400 6 2,400 23 Purchase 400 7 2,800 30 Inventory 50

Assume a sale of 500 units occurred on June 15 for a selling price of $8 and a sale of 450 units on June 27 for $9.

Calculate cost of goods available for sale.

The cost of goods available for sale $

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Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.)

June 1 $ June 12 $ June 15 $ June 23 $ June 27 $

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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 $ $ $ Click if you would like to Show Work for this question: Open Show Work

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