Current Attempt in Progress Suppose that Ralph Lauren Company reports the following for the month of June Date Jure 1 12 23 30 Explanation Units Unit Cast Inventory Purchase Purchase Inventory 200 Cost of goods d 500 Textbook and Media 700 230 Cost of the ending inventory $ $4 6 B tal 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 570 units occurred on June 15 for a selling price of $8 and a sale of 600 units on June 27 for $9. Round average cont per unit to 3 decimel places, eg 5.254 and find aest cinal places, eg 2520) Total Cest FIFO $800 3,000 5,600 LIFO Moving Average
Current Attempt in Progress Suppose that Ralph Lauren Company reports the following for the month of June Date Jure 1 12 23 30 Explanation Units Unit Cast Inventory Purchase Purchase Inventory 200 Cost of goods d 500 Textbook and Media 700 230 Cost of the ending inventory $ $4 6 B tal 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 570 units occurred on June 15 for a selling price of $8 and a sale of 600 units on June 27 for $9. Round average cont per unit to 3 decimel places, eg 5.254 and find aest cinal places, eg 2520) Total Cest FIFO $800 3,000 5,600 LIFO Moving Average
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Current Attempt in Progress
Suppose that Ralph Lauren Company reports the following for the month of June
Total Cast
Date
Jure 1
12
23
30
Explanation Units Unit Cast
Inventory
34
Purchase
Purchase
Inventory
Cost of the ending inventory
Cost of goods sold
Textbook and Media
Chester Ca
200
500
700
ta) 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 570 units occurred on June 15 for a selling price of $8 and a sale of 600 units on June 27 for $9 (Round
average cost per unit cimal ploces, eg 5.254 and final awers to Odecinal pleces, es 2520)
230
6
S
$800
3,000
5,600
FIFO
LIFO
Moving Avtrage
Attempts of used Teden Aramat](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2881cd3f-aa0a-452e-beb9-2ff5fd7fcad4%2Fc602962e-7e7a-4f61-9cf8-81eae08775ab%2Ft6jh3aw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
Suppose that Ralph Lauren Company reports the following for the month of June
Total Cast
Date
Jure 1
12
23
30
Explanation Units Unit Cast
Inventory
34
Purchase
Purchase
Inventory
Cost of the ending inventory
Cost of goods sold
Textbook and Media
Chester Ca
200
500
700
ta) 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 570 units occurred on June 15 for a selling price of $8 and a sale of 600 units on June 27 for $9 (Round
average cost per unit cimal ploces, eg 5.254 and final awers to Odecinal pleces, es 2520)
230
6
S
$800
3,000
5,600
FIFO
LIFO
Moving Avtrage
Attempts of used Teden Aramat
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