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Dakin's Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 50
Dakin's Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 50 $55 July 28 30 $60 On June 1 Dakin sold 30 units, and on August 27, 33 more units. Compute the cost of goods sold using (1) FIFO, (2) LIFO, and (3) average cost. (For the average cost computation, round the per unit cost to 0 decimal places, e.g. 12.) FIFO $ 3530 LIFO $ 3615 Average Cost $
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