I have a couple questions in my accounting class for the final. This is one of them..

Moath Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost

1 Inventory 220 $6 $1,320

12 Purchase 440 7 3,080

23 Purchase 330 8 2,640

30 Inventory 110

Assume a sale of 484 units occurred on June 15 for a selling price of $9 and a sale of 396 units on June 27 for $10.

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

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