Units	Unit Cost	Unit Sale Price
Jul	2	Sale . . . . . . . . . . . .	17	$37	$64
9	Purchase . . . . . . . .	83	38
13	Sale . . . . . . . . . . . .	23	37	64
18	Sale . . . . . . . . . . . .	11	38	66
22	Sale . . . . . . . . . . . .	28	38	66
	29	Purchase . . . . . . . .	27	39

Assume a Cross Country Sports outlet store began

July 2012 with 40 pairs of running shoes that cost the store

$ 37each. The sale price of these shoes was $ 64.

During July, the store completed these inventory transactions (please see above)

Requirement 1. The preceding data are taken from the store's perpetual inventory records. Which cost method does the store use? Explain how you arrived at your answer.

Cross Country Sport Uses: FIFO, LIFO, or weighted average cost?