Question: Current Attempt in Progress Pina Colada Corp. uses a periodic inventory system reports the following for the month of June. Date Units Unit Cost Total



Current Attempt in Progress Pina Colada Corp. uses a periodic inventory system reports the following for the month of June. Date Units Unit Cost Total Cost June 1 120 $5 12 Explanation Inventory Purchases Purchases Inventory 380 6 $600 2,280 1,470 23 210 7 30 250 A sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 60 units on June 27 for $9. Your answer is correct. Calculate the average cost per unit, using a perpetual inventory system. (Round intermediate calculations to O decimal places, e.g. 5.250 and final answer to 3 decimal places, e.g. 5.125.) June 1 $ 5.000 June 12 $ 5.760 June 15 5.760 June 23 6.600 June 27 6.600 (b1) Calculate 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 400 units occurred on June 15 for a selling price of $8 and a sale of 60 units on June 27 for $9. (Round intermediate calculations and final answers to O decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory $ ta $ The cost of goods sold $ ta $ ta $
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