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Question 3 of 8 - / 1.5 View Policies Current Attempt in Progress Cynthia Company reports the following for the month of June. Date Explanation
Question 3 of 8 - / 1.5 View Policies Current Attempt in Progress Cynthia Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 $5 Inventory Purchase Purchase 420 720 12 6 $2.100 4,320 6,440 23 920 7 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 790 units occurred on June 15 for a selling price of $8 and a sale of 820 units on June 27 for $9.(Round average cost per unit to 3 decimal places, e.g. 5.254 and final answers to 0 decimal places, e.g. 2,520.) FIFO LIFO Moving Average Cost of the ending inventory $ $ Cost of goods sold $ $ $ e Textbook and Media Save for Later Attempts: 0 of 4 used Submit
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