3 - Chapter 6 - Homework 13 Question 7 of 8 View Policies Current Attempt in Progress Kingbird Company is a multiproduct firm that uses the perpetual inventory system. Presented below is information concerning one of its products, the Hawkeye. Date Jan. 1 Feb. 4 Feb. 20 Apr. 2 May 4 Transaction Beginning inventory Purchase Sale Purchase Sale Quantity 1.010 2,020 2.525 3,030 2.222 Price/Cost $10 16 33 21 36 (a) Compute cost of goods sold under FIFO, Cost of goods sold $ Ending inventory e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later -12 Question 6 of 8 fil View Policies Current Attempt in Progress Assume that Grouper Company has the following transactions in its first month of operations. Sold Date Feb. 1 Feb. 10 Feb. 21 Feb. 28 Purchases 1.900 @ $3.80 5,400 @ $4.20 Balance 1.900 units 7,300 units 2,900 units 5,100 units 4,400 units 2,200 @ $4.55 Grouper uses a perpetual inventory system. (a) Compute cost of goods sold and ending inventory at February 28, assuming Grouper uses the FIFO cost flow assumption Cost of goods sold $ Ending inventory $ e Textbook and Media Sure for later Attempts: 0 of 3 used Submit A