Pearl Industries uses a perpetual inventory system. Data for product E2-D2 include the purchases shown...
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Pearl Industries uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. Date Number of Units Unit Price May 7 July 28 58 $12 35 17 On June 1, Pearl Industries sold 29 units, and on August 27, 35 more units. Your answer is incorrect. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, eg. 5.125.) June 1 sale: $ Aug. 27sale: 6.000 10.139 Your answer is partially correct. Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to O decimal places, eg. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold $ 900 $ 943 703
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