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Loggins Department Store uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. On June 1, Loggins Department Store sold 25
Loggins Department Store uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. On June 1, Loggins Department Store sold 25 units, and on August 27, 30 more units. Calculate the average cost. (Round answers to 3 decimal places, e.g. 5.125.) Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)
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