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Using the following information answer the first four questions. Balance 9 units at $5 45 Sale 4 units at $9 36 Purchase 7 units at

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Using the following information answer the first four questions. Balance 9 units at $5 45 Sale 4 units at $9 36 Purchase 7 units at $4 28 Purchase 4 units at $312 Sale 9 units at $9 81 Purchase 5 units at $2 10 38 212 1. Using FIFO periodic calculate the cost of Goods Sold (Show work for Credit) A. $67 4x5=45 B. $61 C. $63 D. $65 2. Using LIFO perpetual calculate the cost of Goods Sold (Show work for Credit) A. $50 4. B. $55 9 C. $60 13 D. $52 3. Using LIFO periodic calculate the cost of Goods Sold (Show work for Credit) A. $35 5@2=10 B $50 50 C. $40 4 @ 3=12 D. $38 74-28 4. Using the Average Cost calculate the average cost per unit. A. $3.86 5@2=100 B. $3.50 7@4 = 28 9+5+7+4 = 3.8 $3.80 D. $4.86 403 =12 9e5-45 -10%

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