PROBLEM 12: DDD Company uses the perpetual inventory system. The inventory transactions for August of the current year were as follows: Number Unit Cost Date 8/1 Transaction of Units Beginning balance...

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15. If the FIFO cost flow method is used, the sale return shall be costed back into inventory at what unit cost?
16. If the average cost flow method is used, the sale return shall be costed back into inventory at what unit cost?

Extracted text: PROBLEM 12: DDD Company uses the perpetual inventory system. The inventory transactions for August of the current year were as follows: Number Unit Cost Date 8/1 Transaction of Units Beginning balance 20,000 P 4.00 8/7 8/10 8/12 8/16 Purchase 10,000 20,000 4.20 Purchase 4.30 Sale 15,000 20,000 Purchase 4.60 8/20 8/28 Sale 40,000 3,000 Sale return The sale return on August 28 relates to the sale made on August 20. 15. If the FIFO cost flow method is used, the sale return shall be costed back into inventory at what unit cost? 16. If the average cost flow method is used, the sale return shall be costed back into inventory at what unit cost?