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Sarasota Corp. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 129 $5 $645 12 Purchases

Sarasota Corp. reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1 Inventory 129 $5 $645
12 Purchases 353 6 2,118
23 Purchases 217 7 1,519
30 Inventory 275

A sale of 376 units occurred on June 15 for a selling price of $8 and a sale of 48 units on June 27 for $9.

Partially correct answer iconYour answer is partially correct.

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

$

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Incorrect answer iconYour answer is incorrect.

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 376 units occurred on June 15 for a selling price of $8 and a sale of 48 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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