On January 23 ( before the purchase on January 25), Comstock TV sold eight (8) units of this product

Accounting Principles of finance

tory Methods 31. (122). Comstock Electronics uses a perpetual inventory system. Shown below are Comstock's beginning inventory of a particular product and purchases during January: Quantity Unit Cost Tot Beginning inventory (Jan. 1) 6 195 S Purchase (Jan. 6) 8 12 a S225 Purchase (Jan. 25) 12 S230 Total 30 S n January 23 (before the purchase on Jan. 25), Comstock TV sold eight (8) units of roduct. Determine the cost of goods sold relating to the sale on January 23 under ea llowing flow assumptions. (Show your computations below for possible partial cred (a) LIFO ge $ (b) FIFO $ (c) Average cost (or moving average) 9 A