Accounting Work
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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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