Redster Company is a manufacturing firm. Presented below is information concerning one

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

 

DateTransactionQuantityPrice/Cost
1/1Beginning inventory2,900$10
2/12Purchase3,300$15
3/2Sale2,400$28
4/18Purchase4,500$18
5/31Sale3,800$30

 

Compute the cost of goods sold under the following situations:


1. Periodic system, FIFO cost flow 

2. Perpetual system, FIFO cost flow

3. Periodic system, LIFO cost flow

4. Perpetual system, LIFO cost flow

5. Periodic system, weighted-average cost flow

6. Perpetual system, moving-average cost flow

    • 10 years ago
    Redster Company --- A++ correct w/ solutions ! Use it as a GUIDE !
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      redster_company__cost_of_goods_sold.xlsx