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Presented below is information related to Blowfish radios for the Oriole Company for the month of July. Units Sold Selling Price Total Units In 200
Presented below is information related to Blowfish radios for the Oriole Company for the month of July. Units Sold Selling Price Total Units In 200 1,600 Unit Cost $3.90 4.00 Total $ 780 6,400 600 $7.00 7.30 $ 4,200 4,380 600 Date July 1 6 7 10 12 15 18 22 25 30 800 4.30 3,440 Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Totals 400 7.40 2,960 600 4.40 2,640 800 7.40 5,920 1,000 4.38 4,380 7.50 400 2,800 $17,640 = 3,000 $20,460 4,200 $ 17,640 X Your answer is incorrect. Try again. Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost Weighted average cost 4 4.50 .50 |x Your answer is incorrect. Try again. Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to 0 decimal places, e.g. 6,578.) (1) FIFO. (2) LIFO. (3) Weighted average. (1) FIFO (2) (3) Weighted-Average LIFO Ending Inventory at July 31 6498 5966 6251
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