severe penalty decision from the Disciplinary Board of Epoka University. anjicial report and QUESTIONS 1. Elizabeth Arden Corp. is a merchandise company. The following transactions took place during the month: July 1: 300 units from the beginning inventory at $12 per unit July 5: Company Buys 1,200 Units at $ 6 per unit July 12: Company Buys 300 Units at $ 9 per unit July 16: Company Sells 360 Units ( 18 price) July 22: Company Buys 360 Units at $15 per unit July 25: Company Sells 480Units ($30 price) a. Compute COGS according to average cost method. Make journal entries for July 16, July 25 according to Perpetual Inventory System. (25 points) I Averag PURCHASES SALES BALANCE e Cost Date Total Unit Units Unit Units Units Unit COGS Total Cost Costs 5 Costs Costs this table in your