Inventory data for Bonita Company are reported as follows. Date June 1 12 23 30 Explanation...

  

Transcribed Image Text:

Inventory data for Bonita Company are reported as follows. Date June 1 12 23 30 Explanation Units Unit Cost Inventory $3 Purchase Purchase Inventory 200 400 400 50 6 7 Total Cost $600 2,400 2,800 Assume a sale of 500 units occurred on June 15 for a selling price of $8 and a sale of 450 units on June 27 for $9. Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27 June 1 June 12 June 23 $ June 27 LA $ June 15 $ LA $ $ 3 3 1 Inventory data for Bonita Company are reported as follows. Date June 1 12 23 30 Explanation Units Unit Cost Inventory $3 Purchase Purchase Inventory 200 400 400 50 6 7 Total Cost $600 2,400 2,800 Assume a sale of 500 units occurred on June 15 for a selling price of $8 and a sale of 450 units on June 27 for $9. Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27 June 1 June 12 June 23 $ June 27 LA $ June 15 $ LA $ $ 3 3 1

Answer rating: 100% (QA)

Movingaverage cost On June 1 it is 600200 300 On June 12 it is ... View the full answer