Question: Riverbed Corp uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. Date Number of Units Unit Price May 7 44

Riverbed Corp uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.

Date

Number of Units

Unit Price
May 7 44 $15
July 28 33 20

On June 1, Riverbed Corp sold 22 units, and on August 27, 33 more units.

a/ Calculate the average cost per unit.

June 1 sale:

Aug 27 sale:

b/ Compute the cost of goods sold using FIFO, LIFO, and average cost.

Cost of goods sold

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