Problem 8-6 (Part Level Submission)

Vaughn Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye.

Date . Transaction . Quantity . Price/Cost

1/1 Beginning inventory 1,800 $15

2/4 Purchase . 2,800 22

2/20 Sale 3,300 37

4/2 Purchase 3,800 29

11/4 Sale 3,000 41

Solve for:

Compute cost of goods sold, assuming Vaughn uses:

Perpetual system, moving-average cost flow