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Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 1,000

"Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.

Date Transaction Quantity Price/Cost

1/1 Beginning inventory 1,000 $12

2/4 Purchase 2,000 18

2/20 Sale 2,500 30

4/2 Purchase 3,000 23

11/4 Sale 2,200 33

Instructions Compute cost of goods sold, assuming Ehlo uses:

1. Periodic system, FIFO cost flow. 2. Perpetual system, FIFO cost flow. 3. Periodic system, LIFO cost flow. 4. Perpetual system, LIFO cost flow. 5. Periodic system, weighted-average cost flow. 6. Perpetual system, moving-average cost flow."

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