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1. the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending

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1. the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1), (2), and (3) above be the same? Explain and compute. (Round average unit costs to four decimal places.) P8.6 (LO 3) Groupwork (Compute FIFO, LIFO, Average-Cost-Periodic and Perpetual) Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Beginning inventory Purchase 1/1 2/4 2/20 4/2 11/4 Sale Quantity 1,000 2,000 2,500 3,000 2,200 Purchase Sale Price/Cost $12 18 30 23 33 Instructions Compute cost of goods sold, assuming Ehlo uses: a. Periodic system, FIFO cost flow, b. Perpetual system, FIFO cost flow, c. Periodic system. LIFO cost flow, d. Perpetual system, LIFO cost flow. e. Periodic system. weighted average cost flow. f. Perpetual system, moving average cost flow. P8.7 (LO3) Groupwork of Tritt Company has asked its accounting departmer (Financial Statement Effects of FIFO an

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