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Sandra Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 380 $5 $1,900 12 Purchase
Sandra Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 380 $5 $1,900 12 Purchase 680 6 4,080 23 Purchase 880 7 6,160 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 750 units occurred on June 15 for a selling price of $8 and a sale of 780 units on June 27 for $9. (Round average cost per unit to 3 decimal places, c.8. 5.254 and final answers to decimal places, eg. 2,520) FIFO LIFO Moving Average Cost of the ending inventory $ $ $ Cost of goods sold $ $ $
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