Typed plz and asap please provide me a quality solution reed the question carefully and answer accordingly that and take care of plagiarism also Suppose that Ralph Lauren Company reports the following for the month of June.DateExplanationUnitsUnit CostTotal CostJune 1Inventory500$5$2,50012Purchase80064,80023Purchase1,00077,00030Inventory530(a) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventorysystem. Assume a sale of 870 units occurred on June 15 for a selling price of $8 and a sale of 900 units on June 27 for $9. (Roundaverage cost per unit to 3 decimal places, e.g. 5.254 and final answers to O decimal places, e.g. 2,520.)FIFOCost of the ending inventory$Cost of goods sold$LIFOMoving Average$$$$

Inventory can be valued using various methods -First-in First-Out Method - Under the First-in…

Suppose that Ralph Lauren Company r Date Explanation Uni June 1 Inventory 500 12 Purchase 800 23 Purchase 1,00C 30 Inventory 53C (a) Calculate the cost of the ending inv system. Assume a sale of 870 units occ average cost per unit to 3 decimal places SA Cost of the ending inventory $ Cost of goods sold SA

Suppose that Ralph Lauren Company r Date Explanation Uni June 1 Inventory 500 12 Purchase 800 23 Purchase 1,00C 30 Inventory 53C (a) Calculate the cost of the ending inv system. Assume a sale of 870 units occ average cost per unit to 3 decimal places SA Cost of the ending inventory $ Cost of goods sold SA

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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