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ily Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $10 $1,500 12 Purchase

ily Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost

June 1 Inventory 150 $10 $1,500

12 Purchase 450 11 4,950

23 Purchase 400 12 4,800

30 Inventory 80

Assume a sale of500units occurred on June 15 for a selling price of $13and a sale of420units on June 27 for $14.

Calculate cost of goods available for sale.

The cost of goods available for sale $?

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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