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Jordan Company is a manufacturing firm. Presented below is information concerning one of its products: 1/1 Beginning inventory 4,190, $20 02/12 purchase 4630 , $25

  1. Jordan Company is a manufacturing firm. Presented below is information concerning one of its products:

1/1 Beginning inventory 4,190, $20

02/12 purchase 4630 , $25

3/2 Sale 3640, $38

4/18 Purchase 5950 $28

5/31 Sale 5180 , $40

compute the cost of goods sold under the following situations:

  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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