Sunland Company Inc, had a beginning inwentory of 100 units of Product RST at a...
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Accounting
Sunland Company Inc, had a beginning inwentory of 100 units of Product RST at a cost of $7 per unit. During the year, purchases were: Sunland Company uses a periodic inventory system. Sales totaled 1,500 units. (a) Determine the cost of goods avaliable for sale. The cost of goods available for sale Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.3.5.125.) Weighted-average cost per unit Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimat places, e.8. 150.)
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