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USE OF AVERAGE COST METHOD Unit cost / Balance Date Explanation Units Price Total Costs in units 02-Jun Purchase 225 $ 60 $ 13,500 225
USE OF AVERAGE COST METHOD
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 |
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