Perpetual system average cost and FIFO
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Perpetual System Average Cost And Fifo With Equation Please 1 (68.76 KiB) Viewed 74 times
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Question 6 of 6 - /20 E Metlock Ltd. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 196 £5 £980 June 12 Purchase 294 6 1.764 June 23 Purchase 480 7 3,360 June 30 Inventory 180 Calculate the cost of the ending inventory and the cost of goods sold for FIFO, using a perpetual inventory system. Assume a sale of 384 units occurred on June 15 for a selling price of £8 and a sale of 406 units on June 27 for £9. (Round answers to 0 decimal places, e.g. £2, 120.) FIFO The cost ending inventory £ The cost of goods sold £ e Textbook and Media
Calculate the cost of the ending inventory and the cost of goods sold for moving-average cost, using a perpetual inventory system. Assume a sale of 384 units occurred on June 15 for a selling price of £8 and a sale of 406 units on June 27 for £9. (Round average unit cost to 3 decimal places, e.g. 25.167 and final answers to O decimal places, e.g. £2,120.) Moving-Average Cost The cost ending inventory £ The cost of goods sold £ פן
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