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Calculate the cost of the ending inventory

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Reference no: EM132132923

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

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

204

$6

$1,224

June 12

Purchase

408

7

2,856

June 23

Purchase

306

8

2,448

June 30

Inventory

102

 

 

Assume a sale of 449 units occurred on June 15 for a selling price of $9 and a sale of 367 units on June 27 for $10.

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: EM132132923

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