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Sheridan Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $6 $900 12 Purchase

Sheridan Company reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1 Inventory 150 $6 $900
12 Purchase 450 7 3,150
23 Purchase 400 8 3,200
30 Inventory 80

Assume a sale of 500 units occurred on June 15 for a selling price of $9 and a sale of 420 units on June 27 for $10.

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(a3) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, e.g. 1,250.) FIFO LIFO Moving-Average Cost The cost ending inventory ta $ The cost of goods sold $ $ ta $ e Textbook and Media

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