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

Instructions
Compute cost of goods sold, assuming Ehlo uses:
(a) Periodic system, FIFO cost flow.
(b) Perpetual system, FIFO cost flow.
(c) Periodic system, LIFO cost flow.
(d) Perpetual system, LIFO cost flow.
(e) Periodic system, weighted-average cost flow.
(f) Perpetual system, moving-average cost flow.

Transcribed Image Text:

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