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Kaleta Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 332 $7 $2,324 12 Purchase

Kaleta Company reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1 Inventory 332 $7 $2,324
12 Purchase 664 8 5,312
23 Purchase 498 9 4,482
30 Inventory 166

Assume a sale of 730 units occurred on June 15 for a selling price of $10 and a sale of 598 units on June 27 for $11.

Calculate cost of goods available for sale.

The cost of goods available for sale

$12,118

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 $

Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 730 units occurred on June 15 for a selling price of $10 and a sale of 598 units on June 27 for $11. (Round answers to 0 decimal places, e.g. 1,250.)

FIFO

LIFO

Moving-Average Cost

The cost ending inventory $ $ $
The cost of goods sold $ $ $

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