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Sandhill Co. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 48 $14
Sandhill Co. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 48 $14 July 28 36 19 On June 1, Sandhill sold 24 units, and on August 27, 36 more units. X Your answer is incorrect. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) June 1 sale: $ 336 Aug. 27 sale: $ 23.720 Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold $ 938 1058 $ 1189.92
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