Question
inventory data for oriole company are reported as follows. june 1 inventory 200 units, unit cost $5, total cost $1,000. june 12 purchase 600 units,
inventory data for oriole company are reported as follows. june 1 inventory 200 units, unit cost $5, total cost $1,000. june 12 purchase 600 units, unit cost $6, total cost 3, 600. june 23 purchase 350 units, $7 unit cost, total cost 2,450, june 30 inventory 120 units. assume a sale of 650 units occurred on june 15 for a selling price of $10 and a sale of 380 units on june 27 for $9. calculate the cost of goods available for sale. calculate moving-average unit cost for june 1, 12, 15, 23, &27. (round answers to 3 decimals). 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 decimals and final answer to 0 decimal places).
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