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HELP Inventory data for Concord Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $5 $750 12 Purchase

HELP

Inventory data for Concord Company are reported as follows.

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

150 $5 $750

12

Purchase

450 6 2,700

23

Purchase

400 7 2,800

30

Inventory

80

Assume a sale of 500 units occurred on June 15 for a selling price of $8 and a sale of 420 units on June 27 for $9.

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

June 1

$enter a dollar amount rounded to 3 decimal places

June 12

$enter a dollar amount rounded to 3 decimal places

June 15

$enter a dollar amount rounded to 3 decimal places

June 23

$enter a dollar amount rounded to 3 decimal places

June 27

$enter a dollar amount rounded to 3 decimal places

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