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Wolf Company uses a perpetual inventory system and had the following inventory schedule. Date Units Unit Price (KD) Explanation Beginning Inventory Purchase 40 11 60

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Wolf Company uses a perpetual inventory system and had the following inventory schedule. Date Units Unit Price (KD) Explanation Beginning Inventory Purchase 40 11 60 13 9 Sale 75 25 11 Purchase 35 14 Sale 55 25 Instructions: Compute the following and determine the ending inventory at September 30 and cost of goods sold using the average cost methods Average Cost Per Unit for First Sale Average Cost Per Unit for Second Sale Average Cost Ending Inventory Cost of Goods Sold Which cost method yields the same ending inventory value under both the periodic and perpetual inventory system

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