Business, 19.03.2021 23:30 rakanmadi87

Moath Company reports the following for the month of June. Date

Explanation

Units

Unit Cost

Total Cost

June 1 Inventory 200 $5 $1,000
12 Purchase 400 6 2,400
23 Purchase 300 7 2,100
30 Inventory 100

Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on June 27 for $9.

Calculate cost of goods available for sale.

The cost of goods available for sale = $
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Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e. g. 2.525.)
June 1
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June 12
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June 15
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June 23
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June 27
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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
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The cost of goods sold
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Moath Company reports the following for the month of June. Date

Explanation

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