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need help with problem Wildhorse Co. reports the following for the month of June. Date Units Unit Cost $6 Total Cost June 1 370 12
need help with problem
Wildhorse Co. reports the following for the month of June. Date Units Unit Cost $6 Total Cost June 1 370 12 Explanation Inventory Purchase Purchase Inventory 740 7 $2,220 5,180 4,440 23 555 8 30 185 Assume a sale of 814 units occurred on June 15 for a selling price of $9 and a sale of 666 units on June 27 for $10. Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, e.g. 1,252.) FIFO LIFO Moving-Average Cost The cost ending inventory $ $ $ The cost of goods sold $ $ $Step by Step Solution
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