Coronado Company reports the following for the month of June.UnitDateExplanationUnitsCostTotal CostJune 1Inventory150$3$45012Purchase4502,70023Purchase4002,80030Inventory80Assume a sale of 500 units occurred on June 15 for a selling price of $8 and a sale of 420 units on June 27 for $9.(a1)Your answer is correct.Calculate cost of goods available for sale.The cost of goods available for sale2$45,950 Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.)June 13June 12June 15$4June 23$4June 27$.%24%24

The cost of goods available for sale equals the beginning value of inventory plus the cost of goods…

Answered: Calculate Moving-Average unit cost for…

Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27 June 1 24 June 12 $4 June 15 $. June 23 $4 June 27 %24 %24 %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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