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Sage Hill Inc. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 119 $5 $ 595
Sage Hill Inc. reports the following for the month of June.
Date | Explanation | Units | Unit Cost | Total Cost | ||||
June 1 | Inventory | 119 | $5 | $ 595 | ||||
12 | Purchases | 406 | 6 | 2,436 | ||||
23 | Purchases | 207 | 7 | 1,449 | ||||
30 | Inventory | 238 |
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)
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