Cost of Goods Sold

Cost of Goods Sold (50 points)

Redster Company is a manufacturing firm. Presented below is information concerning one of its products, Ander:

Date Transaction Quantity Price/Cost
1/1 Beginning inventory 2,900 $10
2/12 Purchase 3,300 $15
3/2 Sale 2,400 $28
4/18 Purchase 4,500 $18
5/31 Sale 3,800 $30

Compute the cost of goods sold under the following situations:

Periodic system, FIFO cost flow
Perpetual system, FIFO cost flow
Periodic system, LIFO cost flow
Perpetual system, LIFO cost flow
Periodic system, weighted-average cost flow
Perpetual system, moving-average cost flow