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Maria Company reports the following for the month of June. Date Units Total Cost Unit Cost $4 Explanation Inventory Purchase Purchase June 1 12 23
Maria Company reports the following for the month of June. Date Units Total Cost Unit Cost $4 Explanation Inventory Purchase Purchase June 1 12 23 240 540 740 6 $960 3,240 5,920 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 610 units occurred on June 15 for a selling price of $8 and a sale of 640 units on June 27 for $9. (Round average cost per unit to 3 decimal places, e.g. 5.254 and final answers to decimal places, e.g. 2,520.) FIFO LIFO Moving Average Cost of the ending inventory $ $ $ Cost of goods sold $ $ $ $
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