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Sarasota Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 48 $16

Sarasota Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases.

Date

Number of Units

Unit Price

May 7
48 $16

July 28
36 21

On June 1, Sarasota. sold 24 units, and on August 27, 36 more units.

(a)
Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.)

June 1 sale:
$

Aug. 27 sale:
$

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