Question

Hogan’s Department Store uses a perpetual inventory system. Data for product E2-D2 include the purchases shown on page 315.


On June 1, Hogan sold 25 units, and on August 27, 30 more units. Compute the cost of goods sold using
(a) FIFO,
(b) LIFO, and
(c) average-cost. (Round the cost per unit to three decimalplaces.)


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  • CreatedApril 07, 2014
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