Caculate the cost of the ending inventory


Kiser company reports the following for the month of June.
Date Explanantion units unitscost totalcost

june 1 inventory 125 $5 $625
June 12 Purhase 375 $6 $2,250
june 23 Purchase 500 $7 $3,500
june 30 Inventory 200

Caculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 430 units occurred on June 15 for a selling price of $8 and a sale of 370 units ib June 27 for $9. ( Note: for the average-cost method, round unit cost to three decimal places, e.g. 5.275. Round all answers to 0 decimal places, e.g. 1,514.)

 

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Accounting Basics: Caculate the cost of the ending inventory
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