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The accounting records of Pearl Ag Implements show the following data. The beginning inventory had a unit cost of $3. Purchases Sold Date May 1
The accounting records of Pearl Ag Implements show the following data. The beginning inventory had a unit cost of $3. Purchases Sold Date May 1 May 9 May 13 Balance (in units) 3,700 4,625 925 (925 x $5) $4,625 3.700 Determine the cost of goods sold during the period using the perpetual inventory system using FIFO, LIFO, and moving average (Round average cost per unit to 2 decimal places, eg. 1.28 and final answers to decimal places, eg. 5,125.) FIFO LIFO Moving-Average 11100 13550 127280 Cost of goods sold
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