Exercise 8-15

Bridgeport 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			2,000			$13
Feb.		4		Purchase			2,860			20
Feb.		20		Sale			3,210			28
Apr.		2		Purchase			3,740			22
Nov.		4		Sale			3,300			36

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

Cost of goods sold

$

LINK TO TEXT

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Calculate cost of goods sold, assuming Bridgeport 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

$

LINK TO TEXT

LINK TO TEXT

Calculate cost of goods sold, assuming Bridgeport 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

$