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ronghorn Corp reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $600 12 Purchases

ronghorn Corp reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1 Inventory 120 $5 $600
12 Purchases 346 6 2,076
23 Purchases 189 7 1,323
30 Inventory 229

A sale of 375 units occurred on June 15 for a selling price of $8 and a sale of 51 units on June 27 for $9.

Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.)

June 1

$

June 12

$

June 15

$

June 23

$

June 27

$

eTextbook and Media

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 375 units occurred on June 15 for a selling price of $8 and a sale of 51 units on June 27 for $9. (Round answers to 0 decimal places, e.g. 125.)

FIFO

LIFO

Moving-Average

The cost of the ending inventory $ $ $
The cost of goods sold $ $ $

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