Question: PART C: Inventory Costing : Average Cost The Thunderous Dragon Company uses a perpetual inventory system. The following data are available for its first month

PART C: Inventory Costing : Average Cost

The Thunderous Dragon Company uses a perpetual inventory system. The following data are available for its first month of operations.

Date: Description Unit Qty. Price Per Unit.

May 2 Purchased 220 units $7

May 3 Purchased 350 units $8

May 10 Sold 275 units $11

May 15 Purchased 390 units $9

May 25 Sold 330 units $13

Calculate the Cost of Goods Sold (COGS) under (b.) Average Cost

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