P$8\mathrm{.}9($LO $3,5)($Compute FIFO, LIFO, and Average$-$Cost$$

Periodic and Perpetual$)$ Tsui Ltd$.$ is a multiproduct firm. Presented below is

information concerning one of its products, the Jayhawk.

Instructions

$($Carry unit costs to the nearest cent.$)$

Date Transaction Quantity Unit Cost

$1/1$ Beginning inventory $1,000$ NT$$12$

$2/4$ Purchase $2,00018$

$2/20$ Sale $2,50030$

$4/2$ Purchase $3,00023$

$11/4$ Sale $2,20033$Compute cost of goods sold, assuming Tsui 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. sovlve in a simple way