Question: A retailer uses a first-in, first-out cost determination method in a perpetual inventory system. For the current month, the following purchase and sales transactions occurred:

A retailer uses a first-in, first-out cost determination method in a

A retailer uses a first-in, first-out cost determination method in a perpetual inventory system. For the current month, the following purchase and sales transactions occurred: Date Description Units Total Selling Cost Price May 1 Opening inventory 150 $1,200 May 4 Purchase 130 $910 May 9 Sale 180 $16/unit May 15 Purchase 130 $845 May 26 Sale 170 $16/unit For each of the following, type the dollar amount (nearest dollar without dollar sign (5) or comma, eg. 15000)? May 9 cost of goods sold May 26 cost of goods sold

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