Sage Hill Inc. uses a perpetual inventory system reports the following for the month of...
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Sage Hill Inc. uses a perpetual inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $5 6 $650 2,220 Purchases 370 Purchases 1,750 250 270 Inventory 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 430 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory ta A The cost of goods sold ta
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