Headlands Industries uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.Date Number of Units Unit PriceMay 7th 44 $12July 28th 31 $17On June 1, Headlands Industries sold 22 units, and on August 27, 31 more units.Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.)June 1st sale : _____August 27th sale : ______2. Compute the cost of goods sold using FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COSTCosts of good sold : ______ _______ ______________
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