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Redster Company is a manufacturing firm. Presented below is information concerning one of its products, called Ander. Using an Excel spreadsheet, compute the cost of
Redster Company is a manufacturing firm. Presented below is information concerning one of its products, called Ander.
Using an Excel spreadsheet, compute the cost of goods sold under the following situations:
Date
Transaction
Quantity
Price/Cost
1/1
Beginning inventory
2,900
$10
2/12
Purchase
3,300
$15
3/2
Sale
2,400
$28
4/18
Purchase
4,500
$18
5/31
Sale
3,800
$30
- Periodic system, FIFO cost flow
- Perpetual system, FIFO cost flow
- Periodic system, LIFO cost flow
- Perpetual system, LIFO cost flow
- Periodic system, weighted-average cost flow
- Perpetual system, moving-average cost flow
Your submission must show all calculations used to arrive at the answers.
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