Accounting Work
Tuesday, 20 September 2016
Eggers Company reports the following for the month of June.
Eggers Company reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
149
$6
$ 894
12
Purchases
460
7
3,220
23
Purchases
248
9
2,232
30
Inventory
286
(a1)
Your answer is correct.
Calculate weighted-average unit cost.
(Round answers to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost
$
Attempts: 1 of 3 used
(a2)
Your answer is correct.
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.
(Round answers to 0 decimal places, e.g. 125.)
FIFO
LIFO
Average-cost
The cost of the ending inventory
$
$
$
The cost of goods sold
$
$
$
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