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Calculate Cost of goods sold assuming Bibo Corp uses, perpetual system moving average cost flow: Date Transaction Quantity Price/Cost 1/1 Beginning inventory 1250 $14 2/4
Calculate Cost of goods sold assuming Bibo Corp uses, perpetual system moving average cost flow:
| Date | Transaction | Quantity | Price/Cost |
| 1/1 | Beginning inventory | 1250 | $14 |
| 2/4 | Purchase | 2250 | 21 |
| 2/20 | Sale | 2750 | 36 |
| 4/2 | Purchase | 3250 | 27 |
| 11/4 | Sale | 2450 | 39 |
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Modern Auditing And Assurance Services
Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson
6th Edition
1118615247, 9781118615249
