Business, 05.03.2020 13:49, Bryson2148
Marin Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.
Date
Number of Units
Unit Price
May 7 60 $17
July 28 34 22
On June 1, Marin Inc. sold 30 units, and on August 27, 34 more units.
Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e. g. 5.125.)
June 1 sale: $
Aug. 27 sale: $
Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e. g. 125.)
FIFO
LIFO
AVERAGE-COST
Cost of goods sold
$
$
$,
Answers: 2
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Marin Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown bel...
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