Date Transaction Quantity Price$/$Cost

Jan. $1$ Beginning inventory $1,000$ $$12$

Feb. $4$ Purchase $2,00018$

Feb. $20$ Sale $2,50030$

Apr. $2$ Purchase $3,00023$

Nov. $4$ Sale $2,00033$

Instructions

Calculate cost of goods sold, assuming Aquino uses:

a$)$ A periodic inventory system and FIFO cost formula.

b$)$ A periodic inventory system and weighted average cost formula. Round cost per unit to two decimal places.

c$)$ A perpetual inventory system and moving$-$average cost formula. Round cost per unit to two decimal places.