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Exercise 6-16 Kaleta Company reports the following for the month of June. Date June 1...

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Accounting

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Exercise 6-16 Kaleta Company reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchase Purchase Inventory Units 322 644 483 161 Unit Cost $7 8 9 Total Cost $2,254 5,152 4 ,347 Assume a sale of 708 units occurred on June 15 for a selling price of $10 and a sale of 580 units on June 27 for $11. Calculate cost of goods available for sale. The cost of goods available for sale Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.) + 14 June 1 June 12 June 15 June 23 June 27 4 4 4 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 708 units occurred on June 15 for a selling price of $10 and a sale of 580 units on June 27 for $11. (Round answers to 0 decimal places, e.g. 1,250.) FIFO LIFO Moving-Average Cost The cost ending inventory s The cost of goods sold

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