Bramble Company reports the following for the month of June. Assume a sale of 500 units occurred on June 15 for a selling price of $12 and a sale of 450 units on June 27 for $13 . a1. Calculate cost of goods available for sale. The cost of goods available for sale a2. Calculate Moving-Average unit cost for June 1,12,15,23 & 27 a3. Calculate the cost of the amount ending inventory and the cost of goods sold for each cost flow assumption using a perpetual inventory system
Bramble Company reports the following for the month of June. Assume a sale of 500 units occurred on June 15 for a selling price of $12 and a sale of 450 units on June 27 for $13 . a1. Calculate cost of goods available for sale. The cost of goods available for sale a2. Calculate Moving-Average unit cost for June 1,12,15,23 & 27 a3. Calculate the cost of the amount ending inventory and the cost of goods sold for each cost flow assumption using a perpetual inventory system
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bramble Company reports the following for the month of June.
Assume a sale of 500 units occurred on June 15 for a selling price of $12 and a sale of 450 units on June 27 for $13 .
a1.
Calculate cost of goods available for sale.
The cost of goods available for sale
a2.
Calculate Moving-Average unit cost for June 1,12,15,23 & 27
a3.
Calculate the cost of the amount ending inventory and the cost of goods sold for each cost flow assumption using a perpetual inventory system

Transcribed Image Text:Unit
Date
Explanation
Units
Cost
Total Cost
June 1
Inventory
200
$7
$1,400
12
Purchase
400
10
4,000
23
Purchase
400
11
4,400
30
Inventory
50
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