Question
Larkspur, Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. Date Number of Units Unit Price May 7 46
Larkspur, Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.
| Date | Number of Units | Unit Price |
| May 7 | 46 | $10 |
| July 28 | 36 | 15 |
On June 1, Larkspur, Inc. sold 23 units, and on August 27, 36 more units.
Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.)
June 1 sale: $__________
August 27 sale: $___________
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Information Technology Auditing
Authors: Hall, J Scott Harr
3rd Edition
1133008046, 978-1439079119
