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Current Attempt in Progress The accounting records of Oriole Ag Implements show the following data. The beginning inventory had a unit cost of $3. Purchases
Current Attempt in Progress The accounting records of Oriole Ag Implements show the following data. The beginning inventory had a unit cost of $3. Purchases Sold Date May 1 May 9 May 13 Balance (in units) 4,300 5,375 1,075 (1,075 x $5) $5,375 4,300 Determine the cost of goods sold during the period using the perpetual inventory system using FIFO, LIFO, and moving-average (Round average cost per unit to 2 decimal places, e.g. 1.28 and final answers to 0 decimal places, e.g. 5.125.) FIFO LIFO Moving-Average Cost of goods sold
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