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Lisa Company reports the following for the month of June. Date Explanation Units Total Cost Unit Cost $4 June 1 12 23 Inventory Purchase Purchase
Lisa Company reports the following for the month of June. Date Explanation Units Total Cost Unit Cost $4 June 1 12 23 Inventory Purchase Purchase 680 980 6 $2,720 5,880 9.440 1,180 8 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 1,050 units occurred on June 15 for a selling price of $8 and a sale of 1,080 units on June 27 for $9. (Round average cost per unit to 3 decimal places, eg. 5.254 and final answers to decimal places, es. 2,520.) FIFO LIFO $ Moving Average $ Cost of the ending inventory Cost of goods sold $ $ $ S eTextbook and Media Save for Later Attempts: 0 of 3 used Submit
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