Headlands Industries uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.

Date Numberof Units Unit Price

May 7th 44$12

July 28th 31 $17

On June 1, Headlands Industries sold22units, and on August 27,31more units.

1. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.)

June 1st sale : _____

August 27th sale : ______

2. Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)

FIFO LIFO AVERAGE-COST

Costs of good sold : ______ _______ ______________

Please show me how to calculate versus just giving me the answer! Thanks!