Pronghorn Corp reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 117 $5 $ 585 12 Purchases 336 2,016 23 Purchases 183 1,281 30 Inventory 239 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory $4 $4 The cost of goods sold 2$ 2$

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Pronghorn Corp reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
117
$5
$ 585
12
Purchases
336
2,016
23
Purchases
183
1,281
30
Inventory
239
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost
LINK TO TEXT
VIDEO: APPLIED SKILLS
VIDEO: SIMILAR EXERCISE
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)
FIFO
LIFO
Average-cost
The cost of the ending inventory
$4
$4
The cost of goods sold
2$
2$
Transcribed Image Text:Pronghorn Corp reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 117 $5 $ 585 12 Purchases 336 2,016 23 Purchases 183 1,281 30 Inventory 239 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory $4 $4 The cost of goods sold 2$ 2$
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