Exercise 6-17 al-a3 (Video) Lily Company reports the following for the month of June. Date...
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Accounting
Exercise 6-17 al-a3 (Video) Lily Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 12 23 Inventory Purchase Purchase Inventary 150 $10 45011 400 12 $1,500 4,950 4,500 Assume a sale of 500 units occurred on June 15 for a selling price of $13 and a sale of 420 units on June 27 for $14. Your answer is correct. Calculate cost of goods available for sale. The cost of goods available for sale 11250 LINK TO TEXT VIDEO: STHILAR EXERCTSE Your answer is correct. Calculate Moving Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, c.g. 2.325.) J 10.75 11.75 11.75 June 27 1 VIDEO: SIMILAR EXERCISE x your answer is incorrect. Try again. 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.) FIFO LIFO Moving-Average Cost The cost ending inventary R E The cost of goods sold
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