Question: compute COGS. round average cost per unit to 2 decimals and final answer to 0 decimals Bonita Company manufactures many products for use in the
Bonita 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 49 6/26 Purchase 3,500 34 8/2 Purchase 2,000 35 10/31 Sale 4,000 51 Compute cost of goods sold, assuming Bonita uses: (Round average cost per unit to 2 decimal places, eg. 2.76 and final answers to decim places, eg. 6,548.) Cost of goods sold (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 $ () Perpetual system, moving average cost flow $
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