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please solve this with detail E6-16: Moath Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1
please solve this with detail
E6-16: Moath Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $5 $1000 005 12 Purchase 400 6 2400 23 Purchase 300 7. 2100 30 Inventory 100 Instructions: (a) 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 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on June 27 a for $9. (6) How do the results differ from E6-6and E6 -8? (C) Why is the average unit cost not $6 [($5 + $6 + $7) = 3 = $6] ? VI din E6-16: Moath Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $5 $1000 005 12 Purchase 400 6 2400 23 Purchase 300 7. 2100 30 Inventory 100 Instructions: (a) 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 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on June 27 a for $9. (6) How do the results differ from E6-6and E6 -8? (C) Why is the average unit cost not $6 [($5 + $6 + $7) = 3 = $6] ? VI dinStep by Step Solution
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