Question: Tri Workout Clothing Store uses the perpetual inventory system. Tri Workout has beginning inventory on February 1 of 650 units at $ 72. Data pertaining

Tri Workout Clothing Store uses the perpetual inventory system. Tri Workout has beginning inventory on February 1 of 650 units at $ 72. Data pertaining to the purchases and sales during the month are as follows:

Tri Workout Clothing Store uses the perpetual inventory system. Tri

Required
1. Determine the cost of goods sold for February and the cost of the inventory on February 28 by the moving- average- cost method. (Round to two decimal places.)
2. Determine the cost of goods sold for February and the cost of the inventory on February 28 by the last- in, first- outmethod.

Purchases Sales Date Units Cost per Unit $75.00 Units Price per Unit Feb. 3 15 85 40 $90.00 90.00 12 18 24 28 30 76.00 60 90.00 40 77.00

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