*P7.9 (LO 3, 5) Groupwork (Compute FIFO, LIFO, and Average-Cost—Periodic and Perpetual) Tsui Ltd. is a multiproduct firm. Presented below is information concerning one of its products, the Jayhawk.

Date Transaction Quantity Unit Cost 1/1 Beginning inventory 1,000 NT$12 2/4 Purchase 2,000 18 2/20 Sale 2,500 30 4/2 Purchase 3,000 23 11/4 Sale 2,200 33 Instructions

(Carry unit costs to the nearest cent.)

Compute cost of goods sold, assuming Tsui uses:

a. Periodic system, FIFO cost flow.

d. Perpetual system, LIFO cost flow.

b. Perpetual system, FIFO cost flow.

e. Periodic system, weighted-average cost flow.

c. Periodic system, LIFO cost flow.

f. Perpetual system, moving-average cost flow.