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P8.6B (LO 3) (Compute FIFO, LIFO, Average Cost-Periodic and Perpetual) TIK Company manufactures many products for use in the airline industry. Presented below is information

image text in transcribed P8.6B (LO 3) (Compute FIFO, LIFO, Average Cost-Periodic and Perpetual) TIK Company manufactures many products for use in the airline industry. Presented below is information concerning one of its products, the Orbit. Instructions Compute cost of goods sold, assuming TIK uses: (a) Periodic system, FIFO cost flow. (d) Perpetual system, LIFO cost flow. (b) Perpetual system, FIFO cost flow. (e) Periodic system, weighted-average cost flow. (c) Periodic system, LIFO cost flow. (f) Perpetual system, moving-average cost flow

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