Dakin's Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
Date Number of Units Unit Price
May 7 50 $10
July 28 30 $15
On June 1 Dakin sold 30 units, and on August 27, 33 more units. Compute
the cost of goods sold using (1) FIFO, (2) LIFO, and (3) average cost.
(For the average cost computation, round the per unit cost to 0 decimal
places, e.g. 15.)
Click here: 2. Dakin's Department Store uses a perpetual inventory system
