Question: Cheyenne Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units 40 30

Cheyenne Corp. uses a perpetual inventory system. Data for product E2-D2

Cheyenne Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units 40 30 Unit Price $17 22 On June 1, Cheyenne. sold 20 units, and on August 27, 30 more units. (a) 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

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