Question
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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