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Calculate the cost of the ending inventory

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Reference no: EM131772502

Moath Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost
June 1 Inventory 320 $8 $2,560
12 Purchase 640 9 5,760
23 Purchase 480 10 4,800
30 Inventory 160

 

Assume a sale of 704 units occurred on June 15 for a selling price of $11 and a sale of 576 units on June 27 for $12

Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27

Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system.

Reference no: EM131772502

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