Solution-Calculate cost of goods available for sale

Calculate cost of goods available for sale

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Reference no: EM132441751

Question - Company reports the following for the month of June.

Date	Explanation	Units	Unit Cost	Total Cost
June 1	Inventory	150	$10	$1,500
June 12	Purchase	450	11	4,950
June 23	Purchase	400	12	4,800
June 30	Inventory	80

Assume a sale of 500 units occurred on June 15 for a selling price of $13 and a sale of 420 units on June 27 for $14.

Required -

Calculate cost of goods available for sale.

Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system.

Reference no: EM132441751

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Calculate cost of goods available for sale

Reference no: EM132441751

Reference no: EM132441751

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