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Sunland Company uses a perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June
Sunland Company uses a perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 140 $5 $700 12 Purchase 360 2,160 23 Purchase 220 1,540 30 Inventory 270 (a1) Your answer is correct. Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations to O decimal places, e.g. 152 and final answers to 3 decimal places, e.g. 5.125.) June 1 $ June 12 June 15 $ tA June 23 June 27 SA 5 5.72 5.72 6.6 6.6 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 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round answers to O decimal places, eg. 125.) FIFO Cost of the ending inventory $ Cost of goods sold $ $ SA LIFO $ $ Moving-Average $
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