Question
LilyCompany reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1Inventory150$10$1,50012Purchase450114,95023Purchase400124,80030Inventory80 Assume a sale of500units occurred on June
LilyCompany reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1Inventory150$10$1,50012Purchase450114,95023Purchase400124,80030Inventory80
Assume a sale of500units occurred on June 15 for a selling price of $13and a sale of420units on June 27 for $14.
(a1)
Correct answer icon
Your answer is correct.
Calculate cost of goods available for sale.
The cost of goods available for sale$
Enter the cost of goods available for sale in dollars
eTextbook and Media
Attempts: 1 of 3 used
(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$
Enter a dollar amount
June 12$
Enter a dollar amount
June 15$
Enter a dollar amount
June 23$
Enter a dollar amount
June 27$
Enter a dollar amount
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
9th edition
1-119-49356-3, 1119493633, 1119493560, 978-1119493631
