(Answered) Compute fifo lifo average cost-periodic and perpetual ehlo

Accounting

(Compute FIFO, LIFO, Average Cost-Periodic and Perpetual) Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.

Date	Transaction	Quantity	Price/Cost
1-Jan	Beginning inventory	1,000	$12
4-Feb	Purchase	2,000	18
20-Feb	Sale	2,500	30
2-Apr	Purchase	3,000	23
4-Nov	Sale	2,200	33

Instructions

Compute cost of goods sold, assuming Ehlo uses:

(a) Periodic system, FIFO cost flow.

(b) Perpetual system, FIFO cost flow.

(d) Perpetual system, LIFO cost flow.

(e) Periodic system, weighted-average cost flow.

(f) Perpetual system, moving-average cost flow.

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