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
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