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Concord Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Date Transaction Quantity Price/ Cost Jan. 1 Beginning inventory

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

Date Transaction Quantity Price/ Cost
Jan. 1 Beginning inventory 1,600 $ 11
Feb. 4 Purchase 2,480 19
Feb. 20 Sale 2,850 28
Apr. 2 Purchase 3,440 22
Nov. 4 Sale 3,000 34

Calculate cost of goods sold, assuming Concord uses a periodic inventory system and FIFO cost formula

Calculate cost of goods sold, assuming Concord uses a periodic inventory system and weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.)

Calculate cost of goods sold, assuming Concord uses a perpetual inventory system and moving-average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.)

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