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SE 3. Assume the following data with regard to inventory for Caciato Company: Aug. 1 Inventory 8 Purchase 22 Purchase Goods available for sale

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SE 3. Assume the following data with regard to inventory for Caciato Company: Aug. 1 Inventory 8 Purchase 22 Purchase Goods available for sale Aug. 15 Sale 28 Sale Inventory, Aug. 31 40 units @ $10 per unit $ 400 50 units $11 per unit $550 35 units @ $12 per unit 420 125 units $1,370 45 units 25 units 55 units Assuming that the inventory consists of 30 units from the August 8 purchase and 25 units from the purchase of August 22, calculate the cost of ending inventory and cost of goods sold. CH 6, 8SEP (0) Problem Average-Cost Method: Perpetual Inventory System SE 8. Using the data in SE 3, calculate the cost of ending inventory and cost of goods sold according to the average-cost method under the perpetual inventory system.

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