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I will check for correct answer. Make sure its right. Thumbs down if its incorrect. Thank You Sandhill Co. uses a perpetual inventory system reports
I will check for correct answer. Make sure its right. Thumbs down if its incorrect. Thank You
Sandhill Co. uses a perpetual inventory system reports the following for the month of June. Date Units Unit Cost Total Cost June 1 Explanation Inventory Purchases 150 $6 12 350 7 $900 2,450 1,920 23 Purchases 240 8 30 Inventory 260 Calculate the average cost per unit, using a perpetual inventory system. Assume a sale of 420 units occurred on June 15 for a selling price of $9 and a sale of 60 units on June 27 for $10. (Round intermediate calculations to 0 decimal places, e.g. 5.250 and final answer to 3 decimal places, e.g. 5.125.) June 1 $ June 12 $ June 15 $ June 23 $ June 27 LA Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 420 units occurred on June 15 for a selling price of $9 and a sale of 60 units on June 27 for $10. (Round intermediate calculations and final answers to 0 decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory $ $ $ The cost of goods sold TA $ $Step by Step Solution
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