Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Unit cost / Balance Date Explanation Units Price Total Costs in units 02-Jun Purchase 225 $ 60 $ 13,500 225 03-Jun Purchase 350 $ 80

Unit cost / Balance
Date Explanation Units Price Total Costs in units
02-Jun Purchase 225 $ 60 $ 13,500 225
03-Jun Purchase 350 $ 80 $ 28,000 575
10-Jun Sale 300 $ 100 $ 30,000 275
15-Jun Purchase 900 $ 85 $ 76,500 1175
25-Jun Sales 325 $ 110 $ 35,750 850

What is total value of ending inventory after the purchase of June 3rd? $ Answer

What is the unit cost of ending inventory after the June 15th purchase? $ Answer

What is the total cost of goods sold at the end of June? $ Answer

What is the ending inventory in units at the end of June? Answer

What is the ending inventory unit price at the end of June? $ Answer

What is the total $ value of ending inventory at the end of June? $Answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions