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Monty Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Quantity Price/ Cost Date Jan. 1 Feb. 4 Feb.
Monty Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Quantity Price/ Cost Date Jan. 1 Feb. 4 Feb. 20 Apr. 2 Nov. 4 Transaction Beginning inventory Purchase Sale Purchase Sale 16 32 2,880 3,340 4,080 3,000 Calculate cost of goods sold, assuming Monty uses a periodic inventory system and FIFO cost formula. Cost of goods sold $ LINK TO TEXT LINK TO TEXT Calculate cost of goods sold, assuming Monty 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 Monty 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 $
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