Show Attempt History Current Attempt in Progress You have the following information for Pharoah Company. Pharoah Company uses the periodic method of accounting for its inventory transactions. Pharoah Company only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost. March 1 Beginning inventory 150 diamonds at a cost of $304 per diamond. March 3 Purchased 186 diamonds at a cost of $378 each. March 5 Sold 167 diamonds for $610 each. March 10 Purchased 352 diamonds at a cost of $405 each. March 25 Sold 393 diamonds for $699 each. (a) Your answer is correct. SUPPORT Assume that Pharoah Company uses the specific identification cost flow method.s & Homework: Chapter 6 @ education.wiley.com DT ) Question 6 of 6 - Homework: Chapter 6 Question 6 of 6 16//32 = View Policies Show Attempt History Current Attempt in Progress Sunland Company Inc. had a beginning inventory of 95 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 605 units at $8 Aug. 12 390 units at $10 May 5 515 units at $9 Dec.8 105 units at $11 Sunland Company uses a periodic inventory system. Sales totaled 1,560 units. (a) ' Your answer is correct. ' Determine the cost of goods available for sale. The cost of goods available for sale $ 15195 o 6 eTextbook and Media E v education.wiley.com C + WP Homework : Chapter 6 WP Question 5 of 6 - Homework: Chapter 6 Course Hero Homework: Chapter 6 Question 5 of 6 16/ 32 ... V Your answer is correct. Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ 8.886 eTextbook and Media Attempts: 1 of 3 used (b2) Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO AVERAGE-COST The ending inventory $ to The cost of goods sold $ $ $ SUPPORT eTextbook and Media