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28 Sep 2019
Eggers Company reports the following for the month ofJune.
Date
Explanation
Units
Unit Cost
Total Cost
June 1 Inventory 228 $9 $ 2,052 12 Purchases 702 11 7,722 23 Purchases 379 13 4,927 30 Inventory 436
Calculate weighted-average unit cost. (Round answersto 3 decimal places, e.g. 5.125.)
Compute the cost of the ending inventory and the cost of goodssold under FIFO, LIFO, and average-cost. (Round answersto 0 decimal places, e.g. 125.)
Eggers Company reports the following for the month ofJune.
Date | Explanation | Units | Unit Cost | Total Cost | ||||
June 1 | Inventory | 228 | $9 | $ 2,052 | ||||
12 | Purchases | 702 | 11 | 7,722 | ||||
23 | Purchases | 379 | 13 | 4,927 | ||||
30 | Inventory | 436 |
Calculate weighted-average unit cost. (Round answersto 3 decimal places, e.g. 5.125.)
Compute the cost of the ending inventory and the cost of goodssold under FIFO, LIFO, and average-cost. (Round answersto 0 decimal places, e.g. 125.)
Patrina SchowalterLv2
28 Sep 2019