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Shamrock, Inc. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 60 $10
Shamrock, Inc. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 60 $10 July 28 45 15 On June 1, Shamrock sold 30 units, and on August 27,45 more units. - Your answer is partially correct. 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: $ 12.727 x Your answer is incorrect. Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold $ 575 575 $ 700 $ 632
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