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Question 6 of 6 < > View Policies Current Attempt in Progress Teal Mountain Inc. uses a periodic inventory system reports the following for
Question 6 of 6 < > View Policies Current Attempt in Progress Teal Mountain Inc. uses a periodic inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 140 $5 $700 12 Purchases 360 6 2,160 23 Purchases 220 7 1,540 30 Inventory 270 A sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. -/4 Calculate the average cost per unit, using a perpetual inventory system. (Round intermediate calculations to O decimal places, e.g. 5.250 and final answers to 3 decimal places, e.g. 5.125.) June 1 $ June 12 $ June 15 $ June 23 $ June 27 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 400 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 O decimal places, e.g. 125.) The cost of the ending inventory FIFO MacBook Pro LIFO Moving-Average
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