Inventory data for Teal Mountain Inc. are presented as follows.

Assume a sale of $382$ units occurred on June $15$ for a selling price of $$7$ and a sale of $50$ units on June $27$ for $$8.$

Correct Answer

Your answer is partially correct.

Calculate the average cost per unit, using a perpetual inventory system. $($Round answers to $3$ decimal places, e$.$g$.5\mathrm{.}125.)$

June $1$$

June $12$$

June $15$$

June $23$$

June $27$$

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Solution

Attempts: $5$ of $5$ used

$($a$2)$

Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory

system. $($Round per unit cost to $3$ decimal places, e$.$g$.15\mathrm{.}647$ and final answers to $0$ decimal places, e$.$g$.5,125.$ Round answers to $0$

decimal places, e$.$g$.125.)$