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Waterway Company manufactures many products for use in the airline industry. Presented below is information concerning one of its products, the Orbit. Date Transaction Quantity
Waterway Company manufactures many products for use in the airline industry. Presented below is information concerning one of its products, the Orbit. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 1,600 $32 3/6 Sale 1,000 52 6/26 Purchase 3,500 34 8/2 Purchase 2,000 35 10/31 Sale 4,000 ... 54 Compute cost of goods sold, assuming Waterway uses: (Round average cost per unit to 2 decimal places, e.g. 2.76 and final answers to O decimal places, e.g. 6,548.) Cost of goods sold (a) Periodic system, FIFO cost flow (b) Perpetual system, FIFO cost flow $ A LA 166800 166800 (c) Periodic system, LIFO cost flow (d) Perpetual system, LIFO cost flow A LA 172000 170000 (e) Periodic system, average-cost flow $ 240200 (f) Perpetual system, moving-average cost flow $ 67151
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