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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 2/12 Purchase 4,630 $25 3/2

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

1/1 Beginning inventory 4,190 $20

2/12 Purchase 4,630 $25

3/2 Sale 3,640 $38

4/18 Purchase 5,950 $28

5/31 Sale 5,180 $40

Part A

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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