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QUESTION

Teal Mountain Inc. reports the following for the month oFJune. Date Explanation llnltl UnI'l: Coll: Total Call: June 1 Inventory 121 $5 $605 12

Help me calculate FIFO, LIFO, and moving average with the information below.

  • Attachment 1
  • Attachment 2
Teal Mountain Inc. reports the following for the month oFJune. Date Explanation llnltl UnI'l: Coll: Total Call: June 1 Inventory 121 $5 $60512 Purtnases 37]. 6 2,22623 Purchases 182 7 1,274-30 Inventory 242 A sale of 382 units occurred on June 15 for a selling price of $7 and a sale of 5:] units on June 2? for $8. Your answer Is correct. Calculate the average cost per unlt, using a perpetual Inventory system. (Round answers to 3 decimal places 2.9. 5.125.) June 1 a “El June 12 5.754 in 4‘ June 15 5.754 KI % June 23 E #0 June 27
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