Sunland Company uses the periodic inventory system and reports the following for the month of June. Units Inventory 320 Purchase: 640 23 Purchase 480 30 Inventory 160 June 11 12 x Your answer is incorrect. Unit Cost $5 Weighted Average Unit Cost $ 8 11 Total Cost $1,600 5,120 5,280 Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) 8.3
Sunland Company uses the periodic inventory system and reports the following for the month of June. Units Inventory 320 Purchase: 640 23 Purchase 480 30 Inventory 160 June 11 12 x Your answer is incorrect. Unit Cost $5 Weighted Average Unit Cost $ 8 11 Total Cost $1,600 5,120 5,280 Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) 8.3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please don't give image based answer..thanku
Transcribed Image Text:Your answer is partially correct.
Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0 decimal
places, eg. 1,250)
ry is
The ending inventory
The cost of goods sold
eTextbook and Media
$
Your answer is partially correct.
lower than FIFO $
$
Will the results in (a) be higher or lower than the results under FIFO and LIFO?
eTextbook and Media
it of goods sold is higher than FIFO $
1328
9694
272
and
higher than LIFO S
$
and
lower
than LIFO S
Transcribed Image Text:Sunland Company uses the periodic inventory system and reports the following for the month of June.
June 1
12
23
30
Units
Inventory 320
Purchase
640
Purchase
480
Inventory 160
x Your answer is incorrect.
Weighted Average Unit Cost $
Unit Cost
eTextbook and Medial
$5
8
11
Total Cost
$1,600
5,120
Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, eg. 15.25.)
5,280
8.3
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