solution to do 1)fifo 2)lifo 3) average cost

following inventory, purchases, and sales data 300 units @ 3.00 400 units @ 3.30 400 units @ 3.75 200 units @ 4.00 600 units 200 units count on July 31 shows 500 units on hand. tory system, determine the cost of inventory on July under d (c) Average-cost