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Moath Company reports the following for the month of June. (a)Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) (B)Compute the
Moath Company reports the following for the month of June.
(a)Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.)
(B)Compute the cost of the ending inventory and the cost of goods sold using the average-cost method.
Units | Unit Cost | Total Cost | |||||||||
June 1 | Inventory | 200 | $3 | $ 600 | |||||||
12 | Purchase | 400 | 7 | 2,800 | |||||||
23 | Purchase | 300 | 10 | 3,000 | |||||||
30 | Inventory | 100 |
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