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3 Question Sontag Appliance Causes a perpetuality sem. Shown below are Sontag's being every of a particular product and purchases during the month of January

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3 Question Sontag Appliance Causes a perpetuality sem. Shown below are Sontag's being every of a particular product and purchases during the month of January Total Cost Beginning Inventory (Jan 1) 2 $180 $360 Purchase (an) 4 210 840 Purchase (Jan. 25 4 215 52,060 Oe January 23, Sontag sold five units of this product. Using the three flow assumptions listed below, determine (t) the cost of goods sold, and (2) the cost of the five units in inventory at January 31. Show your computation a) LIPO b) FIFO c) Average cost

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