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Larkspur, Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. Date Numer 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 Numer 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: $____10.00______

August 27 sale: $____13.05_______

Compute the cost of goods sold using FIFO, LIFO, and average-cost:

FIFO LIFO AVERAGE-COST
Cost of goods sold $____ $____ $_____

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