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Inventory data for Swifty Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 300 $4 $1,200 12 Purchase 700

Inventory data for Swifty Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 300 $4 $1,200 12 Purchase 700 5 3,500 23 Purchase 600 6 3,600 30 Inventory 150 Assume a sale of 800 units occurred on June 15 for a selling price of $8 and a sale of 650 units on June 27 for $9. (a1) Calculate cost of goods available for sale. The cost of goods available for sale Inventory data for Swifty Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 300 $4 $1,200 12 12 Purchase 700 5 3,500 23 Purchase 600 6 3,600 30 Inventory 150 Assume a sale of 800 units occurred on June 15 for a selling price of $8 and a sale of 650 units on June 27 for $9. (a1) (a2) Your answer is incorrect. Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, eg. 2.525) June 1 $ June 12 $ June 15 $ June 23 $ June 27 $ Inventory data for Swifty Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 300 $4 $1,200 12 Purchase 700 5 3,500 23 Purchase 600 6 3,600 30 Inventory 150 Assume a sale of 800 units occurred on June 15 for a selling price of $8 and a sale of 650 units on June 27 for $9. (a1) (a2) (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 ducimal places, ea. 12.520 and final answer to O decimal places, eg 1,250) The cost ending inventory The cost of goods sold S FIFO LIFO Moving Average Cost

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