Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round...
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# ily Company reports the following for the month of June. />Date Explanation Units Unit Cost Total CostJune 1 Inventory 150 \$10 \$1,50012 Purchase 450 11 4,95023 Purchase 400 12 4,80030 Inventory 80Assume a sale of 500 units occurred on June 15 for a selling price of \$13 and a sale of 420 units on June 27 for \$14.Calculate cost of goods available for sale.The cost of goods available for sale \$?Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.)June 1 \$June 12 \$June 15 \$June 23 \$June 27 \$ ATTACHMENT PREVIEW Download attachment Screen Shot 2019-12-11 at 11.47.20 AM.png 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 \$ \$ The cost of goods sold \$ \$ Click if you would like to Show Work for this question: Open Show Work

COGS in each Case is - FIFO - \$10290 LIFO -... View the full answer

FIFO Method
Date
Particulars
Purchase
Sales
Balance
COGS
Units
Unit Cost Total Cost Units Unit Cost Total Cost Units
Unit Cost Total Cost
Units
Unit Cost Total Cost
Jun-01 Opening Bal &lt; 150
&lt;...

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