THERE ARE THREE QUESTIONS IN HERE.
please show the steps
Q#1:
Sunland Company reports the following for the month of June.
|
Date |
Explanation |
Units |
Unit Cost |
Total Cost |
||||||
| June 1 | Inventory | 150 | $2 | $300 | ||||||
| 12 | Purchase | 450 | 5 | 2,250 | ||||||
| 23 | Purchase | 400 | 6 | 2,400 | ||||||
| 30 | Inventory | 80 | ||||||||
Assume a sale of 500 units occurred on June 15 for a sellingprice of $7 and a sale of 420 units on June 27 for $8.
Calculate the cost of the ending inventory and the cost of goodssold for each cost flow assumption, using a perpetual inventorysystem. (Round average-cost per unit to 3 decimalplaces, e.g. 12.520 and final answer to 0 decimal places, e.g.1,250.)
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Q#2:
Lily
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