Pronghorn Corp reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 117 $5 $ 585 336 12 Purchases 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 2$ 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 2$ $ The cost of goods sold $ $1
Pronghorn Corp reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 117 $5 $ 585 336 12 Purchases 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 2$ 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 2$ $ The cost of goods sold $ $1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Pronghorn Corp reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
117
$5
$ 585
336
12
Purchases
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
2$
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
2$
$
The cost of goods sold
$
$1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9a10f7dd-e552-4c8e-baeb-0329cbd10d34%2F8df278ce-2f68-476c-953c-fc0d01cb906a%2Ffcd8llc.png&w=3840&q=75)
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
336
12
Purchases
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
2$
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
2$
$
The cost of goods sold
$
$1
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