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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
- 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:
- Periodic system, FIFO cost flow
- Perpetual system, FIFO cost flow
- Periodic system, LIFO cost flow
- Perpetual system, LIFO cost flow
- Periodic system, weighted-average cost flow
- Perpetual system, moving-average cost flow
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