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Culver Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Price/ Date Transaction Quantity Cost Jan. 1 Feb.
Culver Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Price/ Date Transaction Quantity Cost Jan. 1 Feb. 4 Beginning inventory Purchase 1,400 $13 2,200 17 Feb. 20 Sale 2,560 28 Apr. 2 Nov. 4 Purchase Sale 3,320 20 2,700 36 Calculate cost of goods sold, assuming Culver uses a periodic inventory system and FIFO cost formula. Cost of goods sold $ LINK TO TEXT LINK TO TEXT Calculate cost of goods sold, assuming Culver 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.) Cost of goods sold $ Calculate cost of goods sold, assuming Culver 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.) Cost of goods sold $
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