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Riverbed Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Date Transaction Quantity Price/ Cost Jan. 1 Beginning inventory
Riverbed Corporation is a multi-product firm. The following information concerns one of its products, the Trinton:
Date | Transaction | Quantity | Price/ Cost | ||||||||
Jan. | 1 | Beginning inventory | 1,100 | $15 | |||||||
Feb. | 4 | Purchase | 2,070 | 16 | |||||||
Feb. | 20 | Sale | 2,530 | 31 | |||||||
Apr. | 2 | Purchase | 3,160 | 21 | |||||||
Nov. | 4 | Sale | 2,300 | 36 |
Calculate cost of goods sold, assuming Riverbed uses a periodic inventory system and FIFO cost formula.??
Calculate cost of goods sold, assuming Riverbed uses a periodic inventory system and weighted average cost formula??
Calculate cost of goods sold, assuming Riverbed uses a perpetual inventory system and moving-average cost formula.??
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