(Compute FIFO, LIFO, Average Cost-Periodic and Perpetual) TIK Company manufactures many products for use in the airline industry. Presented below is information concerning one of its products, the Orbit. Date 1/1 Transaction Quantity Beginning inventory 1,600 Price/Cost $31 3/6 Sale 1,000 50 6/26 Purchase 3,500 33 8/2 Purchase 2,000 34 10/31 Sale 4,000 52 Instructions Compute cost of goods sold, assuming TIK 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