Bernadino Corporation is a multi-product firm. The following information concerns one of its products, the Trinton:

Date Transaction Quantity Cost

Jan. 1 Beginning inventory 1,000 $12

Feb. 4 Purchase 2,000 18

Feb. 20 Sale 2,500

Apr. 2 Purchase 3,000 23

Nov. 4 Sale 2,000

Instructions

Calculate cost of goods sold, assuming Bernadino uses:

a. A periodic inventory system and FIFO cost formula

b. A periodic inventory system and weighted average cost formula. Round cost per unit to two decimal places.

c. A perpetual inventory system and moving-average cost formula. Round cost per unit to two decimal places.