Question: 1Hogans Department Store uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. Date Number of Units Unit Price May 7

1Hogans Department Store uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. Date Number of Units Unit Price

May 7 50 10

July 28 30 15

On June 1, Hogan sold 25 units, and on August 27, 30 more units.

1) CALCULATE THE AVERAGE COST

JUNE 1 SALE, AVERAGE COST EQUALS?

AUGUST 27 SALE, AVERAGE COST EQUALS?

2) COMPUTE THE COST OF GOODS SOLD USING FIFO

COMPUTE THE COST OF GOODS SOLD USING LIFO

COMPUTE THE COST OF GOODS SOLD USING AVERAGE COST

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