June 1 June 12 June 15 June 23 Sunland Company uses a perpetual inventory system and reports the following for the month of June. June 27 Date June 1 12 23 30 Explanation Units Inventory Purchase Cost of the ending Inventory Cost of goods sold Purchase Textbook and Media Inventory * Your answer is incorrect. 5.000 Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 40 units on June 27 for $9. (Round intermediate calculations to O decimal places, eg. 152 and final answers to 3 decimal places, eg. 5.125.) 5.760 5.760 6.600 6.600 120 380 FIFO 210 270 Unit Cost 1.770 $5 2,580 Total Cost 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 400 units occurred on June 15 for a selling price of $8 and a sale of 40 units on June 27 for $9. (Round answers to 0 decimal places, eg. 125) $600 2.280 LIFO 1.470 1.720 2,730 Moving-Average 1,716 2.634

June 1 June 12 June 15 June 23 Sunland Company uses a perpetual inventory system and reports the following for the month of June. June 27 Date June 1 12 23 30 Explanation Units Inventory Purchase Cost of the ending Inventory Cost of goods sold Purchase Textbook and Media Inventory * Your answer is incorrect. 5.000 Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 40 units on June 27 for $9. (Round intermediate calculations to O decimal places, eg. 152 and final answers to 3 decimal places, eg. 5.125.) 5.760 5.760 6.600 6.600 120 380 FIFO 210 270 Unit Cost 1.770 $5 2,580 Total Cost 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 400 units occurred on June 15 for a selling price of $8 and a sale of 40 units on June 27 for $9. (Round answers to 0 decimal places, eg. 125) $600 2.280 LIFO 1.470 1.720 2,730 Moving-Average 1,716 2.634

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Description: answer in text form please (without image) June 1June 12June 15June 23Sunland Company uses a perpetual inventory system and reports the following for the month of June.June 27DateJune 1122330Explanation Units Unit Cost$5InventoryPurchaseCost of the e

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 50E: Inventory Costing Methods Crandall Distributors uses a perpetual inventory system and has the...

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