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Please answer Part 2 Please answer Part 2 Ayayai Corp. uses a perpetual inventory system reports the following for the month of June. Date June
Please answer Part 2
Please answer Part 2
Ayayai Corp. uses a perpetual inventory system reports the following for the month of June. Date June 1 12 Unit Cost $4 Explanation Inventory Purchases Purchases Inventory Units 130 370 250 270 Total Cost $520 1,850 1,500 5 23 6 30 Part 1 Your Answer Correct Answer (Used) Your answer is correct. Calculate the average cost per unit, using a perpetual inventory system. Assume a sale of 430 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 0 decimal places, e.g. 5.250 and final answer to 3 decimal places, e.g. 5.125.) June 1 A 4 June 12 $ 4.74 June 15 $ 4.74 June 23 5.725 $ $ June 27 5.725 Part 2 Calculate 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 430 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 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory $ S $ $ The cost of goods sold $ $ $Step by Step Solution
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