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Calculate the cost of the ending inventory

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Reference no: EM133126373

Question - Amy Company reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

560

$5

$2,800

June 12

Purchase

860

6

5,160

June 23

Purchase

1,060

7

7,420

Required - 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 930 units occurred on June 15 for a selling price of $8 and a sale of 960 units on June 27 for $9.

Reference no: EM133126373

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