Kaleta Company reports the following for the month of June.
DateExplanationUnitsUnit CostTotal CostJune 1Inventory430$8$3,44012Purchase86097,74023Purchase645106,45030Inventory215
Assume a sale of 946 units occurred on June 15 for a selling price of $11 and a sale of 774 units on June 27 for $12.Calculate cost of goods available for sale.
The cost of goods available for sale$
Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.)
June 1$June 12$June 15$June 23$June 27$
Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, e.g. 1,250.)
FIFOLIFOMoving-Average CostThe cost ending inventory$$$The cost of goods sold$$$