Benson Company is a manufacturing firm. Presented below is information concerning one of its products:

1/1	Beginning inventory	3,190	$10
2/12	Purchase	3,630	$15
3/2	Sale	2,640	$28
4/18	Purchase	4,950	$18
5/31	Sale	4,180	$30

Part A

Compute the cost of goods sold under the following situations:

Periodic system, FIFO cost flow

Perpetual system, FIFO cost flow

Periodic system, LIFO cost flow

Perpetual system, LIFO cost flow

Periodic system, weighted-average cost flow

Perpetual system, moving-average cost flow

Your answers must be submitted in an Excel file and must show all calculations used to arrive at the final answers.

Part B

Summarize the cost of goods sold in a one-page memo to Benson Corporation's CEO.