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Inventory data for Sheridan Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $6 $900 12 Purchase
Inventory data for Sheridan Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $6 $900 12 Purchase 450 7 3,150 23 Purchase 400 8 3,200 30 Inventory 80 Assume a sale of 500 units occurred on June 15 for a selling price of $9 and a sale of 420 units on June 27 for $9. (a1) Your answer is incorrect. Calculate cost of goods available for sale. The cost of goods available for sale $ 4100 (a2) 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 $ (a3) 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 O decimal places, e.g. 1,250.) The cost ending inventory The cost of goods sold $ eTextbook and Media FIFO LIFO $ $ Moving-Average Cost $ $
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