Date | Explanation | Units | Unit Cost | Total Cost | ||||||
June 1 | Inventory | 200 | $3 | $600 | ||||||
12 | Purchase | 400 | 6 | 2,400 | ||||||
23 | Purchase | 400 | 7 | 2,800 | ||||||
30 | Inventory | 50 |
Calculate cost of goods available for sale. The cost of goods available for sale $5800 |
Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27.(Round answers to 3 decimal places, e.g.
2.525.) |
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.) |
The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.
Bonita Company reports the following for the month ofJune.DateExplanationUnitsUnit CostTotal...
Bonita Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $3 $600 12 Purchase 400 6 2,400 23 Purchase 400 7 2,800 30 Inventory 50 Assume a sale of 500 units occurred on June 15 for a selling price of $8 and a sale of 450 units on June 27 for $9. Your answer is correct. Calculate cost of goods available for sale. The cost of goods available for...
Kaleta Company uses the perpetual inventory system and 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 the cost of the ending inventory and the cost of...
Exercise 6-17 (Part Level Submission) Kaleta Company uses the perpetual inventory system and reports the following for the month of June. Date Unit Cost June 1 12 Explanation Inventory Purchase Purchase Inventory Units 200 400 Total Cost $1,000 2,400 2,100 6 7 23 300 30 100 OLCA! O LOULOU O olluin - 0 C El O CLIC Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on...
Weygandt, Accounting Principles, 13e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 6-17 al-a3 (Video) Vaughn Company reports the following for the month of June. Unit Cost Date Explanation Units Total Cost 200 $5 June 1 12 $1,000 3,200 400 8 Inventory Purchase Purchase Inventory 400 9 3,600 23 30 50 Assume a sale of 500 units occurred on June 15 for a selling price of $10 and a sale of 450 units on June 27 for $11....
Skysong, Inc. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 250 $8 $2,000 12 Purchase 500 9 4,500 23 Purchase 375 10 3,750 30 Inventory 125 Assume a sale of 550 units occurred on June 15 for a selling price of $11 and a sale of 450 units on June 27 for $12. Calculate the cost of the ending inventory and the cost of goods sold for each cost flow...
Sandhill Co. uses a perpetual inventory system reports the following for the month of June. Unit Cost Date Explanation Units Total Cost $5 $575 June 1 Inventory 115 12 Purchases 345 2,070 6 Purchases 23 190 1,330 7 30 200 Inventory LLIE! Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) $ June 1 $ June 12 $ June 15 $ June 23 $ June 27 eTextbook and Media Calculate...
Can you Show the work please? Karen Company reports the following for the month of June. Unit Units Total Cost Date Explanation Cost $4 $2,160 June 1 Inventory 540 12 Purchase 840 5,040 6 23 Purchase 8,320 1,040 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 910 units occurred on June 15 for a selling price of $8 and a sale...
Patricia Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 340 $5 $1,700 12 Purchase 640 6 3,840 23 Purchase 840 7 5,880 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 710 units occurred on June 15 for a selling price of $8 and a sale of 740 units on June...
Show your calculations. Riverbed Corp uses a perpetual inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $750 12 Purchases 2,100 350 240 Purchases 1,680 Inventory 260 - Your answer is partially correct. Calculate the average cost per unit, using a perpetual inventory system. Assume a sale of 420 units occurred on June 15 for a selling price of $8 and a sale of 60 units on June...
headlands industries uses a periodic inventory system reports the following for the month of June. calculate the average cost per unit, using a perpetual inventory system. Units Unit Cost Date June 1 12 23 Explanation Inventory Purchases Purchases Inventory 370 200 Total Cost $650 2,220 1,400 30 300 A sale of 350 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (a) your answer is partially correct....