Kingbird Company manufactures many products for use in the airline industry. Presented below is information concerning one of its products, the Orbit. Date 1/1 Beginning inventory 3/6 6/26 8/2 (a) (b) 10/31 Sale (c) Transaction (d) (e) Sale (f) Purchase Purchase Quantity 1,600 1,000 3,500 2,000 4,000 Compute cost of goods sold, assuming Kingbird uses: (Round average cost per unit to 2 decimal places, e.g. 2.76 and final answers to 0 decimal places, e.g. 6,548.) Periodic system, FIFO cost flow Perpetual system, FIFO cost flow Periodic system, LIFO cost flow Perpetual system, LIFO cost flow Price/Cost Periodic system, average-cost flow $29 Perpetual system, moving-average cost flow $ $ $ $ $ 53 $ 31 32 55 Cost of goods sold

Kingbird Company manufactures many products for use in the airline industry. Presented below is information concerning one of it products, the Orbit. Compute cost of goods sold, assuming Kingbird uses: (Round average cost per unit to 2 decimal places, eg. 2.76 and final answers to 0 decimal places, e.g. 6,548.)