PART C: Inventory Costing: FIFO, LIFO, Average Cost The Thunderous Dragon Company uses a perpetual inventory system. The following data are available for its first month of operations.

ACCT1036 - Final Exam maxI Want - 0801TODA PART C: Inventory Costing : FIFO The Thunderous Dragon Company uses a perpetual inventory system. The following data are available for its first month of operations. Date: Description Unit Qty. Price Per Unit. ask all May 2 Purchased 220 units May 3 M no Purchased 350 units IS , DOUANEEW DO May 10 Sold 275 units $11 May 15 m Purchased me load -390 units May 25 Sold 330 units $13 Calculate the Cost of Goods Sold (COGS) under (a.) FIFO