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Current Attempt in Progress Concord Company manufactures many products for use in the airline industry. Presented below is information concerning one of its products, the
Current Attempt in Progress Concord Company manufactures many products for use in the airline industry. Presented below is information concerning one of its products, the Orbit. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 1.600 $33 3/6 Sale 1,000 48 6/26 Purchase 3,500 35 8/2 Purchase 2.000 36 10/31 Sale 4.000 50 Compute cost of goods sold, assuming Concord uses: (Round average cost per unit to 2 decimal places, e.g. 2.76 and final answers to o decimal places, e.g. 6,548.) Cost of goods sold (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 $
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