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Oriole Company uses a perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1
Oriole Company uses a perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 117 $5 $585 12 Purchase 333 6 1.998 23 Purchase 200 7 1.400 30 Inventory 250 (a1) Your answer is correct. Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 350 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations to O decimal places, e.g. 152 and final answers to 3 decimal places, e.g. 5.125.) June 1 $ 5 June 12 $ 5.74 June 15 $ 5.74 June 23 $ 6.58 June 27 $ 6.58 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 350 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round answers to O decimal places, e.g. 125.) Cost of the ending inventory $ Cost of goods sold $ FIFO $ $ EA LIFO $ $ Moving-Average
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