(Answered) Question - kiser company reports the following for the

Accounting

Question - Kiser Company reports the following for the month of June.

Date Explanation units units cost total cost

June 1 inventory 125 $5 $625

June 12 Purhase 375 $6 $2,250

June 23 Purchase 500 $7 $3,500

June 30 Inventory 200

Calculate the 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 430 units occurred on June 15 for a selling price of $8 and a sale of 370 units ib June 27 for $9.

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