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Whispering Winds Corp. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 Number of Units 48
Whispering Winds Corp. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 Number of Units 48 29 Unit Price $11 14 On June 1, Whispering Winds sold 24 units, and on August 27,29 more units. Compute the cost of goods sold using (a) FIFO.(b) LIFO, and (c) average-cost. (Round average cost per unit to 3 decimal places, e.g. 1.246.) Cost of Goods Sold FIFO LIFO $ Average-cost $
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