Pharoah Company uses a perpetual inventory system and reports the following for the month of...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Pharoah Company uses a perpetual inventory system and reports the following for the month of June. Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June is for a selling price of $7 and a sale of 50 units on June 27 for \$8. (Round intermediate calculations to 0 decimal places, eg. 152 and final answers to 3 decimal places, e. 3.5 .125 \). June 1 June 12 June 15 June 23 June 27 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 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round answers to 0 decimal places, es. 125.)
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.