Exercise 6-12eggers company reports the following for the, Ask an Expert

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Exercise 6-12

Eggers Company reports the following for the month of June.

Date	Explanation	Units	Unit Cost	Total Cost
June 1	Inventory	200	$8	$ 1,600
June 12	Purchases	617	10	6,170
June 23	Purchases	333	12	3,996
June 30	Inventory	384

A sale of 683 units occurred on June 15 for a selling price of $13 and a sale of 83 units on June 27 for $15.

Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.)

June 1		$
June 12		$
June 15		$
June 23		$
June 27		$

Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 683 units occurred on June 15 for a selling price of $13 and a sale of 83 units on June 27 for $15. (Round answers to 0 decimal places, e.g. 125.)

	FIFO	LIFO	Moving-Average
The cost of the ending inventory	$	$	$
The cost of goods sold	$	$	$

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