question 23

The units of Product Green-2 available for sale during the year were as follows:

April	1		Inventory	15 units	@	$30
June	16		Purchase	29 units	@	$33
Sep.	28		Purchase	45 units	@	$35

There are 17 units of the product in the physical inventory at September 30. The periodic inventory system is used.

Determine the cost of goods sold by (a) FIFO, (b) LIFO, and (c) average cost methods. In your computations, round the average cost per unit to two decimal places and round your final answer to two decimal places.

a. FIFO	$fill in the blank 1
b. LIFO	$fill in the blank 2
c. Average cost	$fill in the blank 3