Redster Company is a manufacturing firm. Presented below is information concerning one of its products, Ander:
| 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 |
Compute the cost of goods sold under the following situations:
1. Periodic system, FIFO cost flow
2. Perpetual system, FIFO cost flow
3. Periodic system, LIFO cost flow
4. Perpetual system, LIFO cost flow
5. Periodic system, weighted-average cost flow
6. Perpetual system, moving-average cost flow