Solution-Compute the cost of goods sold under the situations

Compute the cost of goods sold under the situations

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Reference no: EM13505301

Cost of Goods Sold

Redster Company is a manufacturing firm. Presented below is information concerning one of its products, Ander:

Date	Transaction	Quantity	Price/Cost
1/1	Beginning inventory	2,900	$10
2/12	Purchase	3,300	$15
3/2	Sale	2,400	$28
4/18	Purchase	4,500	$18
5/31	Sale	3,800	$30

Compute the cost of goods sold under the following situations:

1. Periodic system, FIFO cost flow

2. Perpetual system, FIFO cost flow

3. Periodic system, LIFO cost flow

4. Perpetual system, LIFO cost flow

5. Periodic system, weighted-average cost flow

6. Perpetual system, moving-average cost flow

Reference no: EM13505301

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Compute the cost of goods sold under the situations

Reference no: EM13505301

Reference no: EM13505301

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