Question 2: (20 Marks)

1. Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.

Date	Transaction	Quantity	Price/Cost
1/1	Beginning Inventory	1,000	$12
2/4	Purchase	2,000	$18
2/20	Sale	2,500	$30
4/2	Purchase	3,000	$23
11/4	Sale	2,200	$33

Compute cost of goods sold, assuming Ehlo uses:

1. Periodic FIFO
2. Perpetual FIFO
3. Periodic LIFO
4. Perpetual LIFO
5. Periodic weighted-average
6. Perpetual moving average

2. Prudent Manufacturer provides the following data of their manufacturing operation.
   1. Minimum Consumption: 2200 units per day
   2. Maximum Consumption: 2500 units per day
   3. Normal Consumption: 2250 Units per day
   4. Reorder period: 20-25 days
   5. Normal Reorder Period: 22 days
   6. Reorder Quantity: 44,000 Units Calculate:
      1. Minimum stock level
      2. Maximum Stock Level
      3. Reordering Level
      4. Average Stock Level