Question: Grouper Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 48 $12

Grouper Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 48 $12 July 28 36 17 On June 1, Grouper, sold 24 units, and on August 27, 36 more units. (a) Your Answer Correct Answer Your answer is correct. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, eg. 5.125.) June 1 sale: $ 12 Aug. 27 sale: $ 15 (b) Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to O decimal places, eg. 125.) FIFO Cost of goods sold $ LIFO $ AVERAGE-COST

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