Concord 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 2,700 $17 2/4 Purchase 3,700 26 2/20 Sale 4,200 43 4/2 Purchase 4,700 33 11/4 Sale 3,900 47 Compute cost of goods sold, assuming Concord uses: (a) Periodic System, FIFO cost flow, (b) Perpetual System, FIFO Cost Flow
(c) Periodic System, LIFO Cost Flow (d) Periodic, LIFO cost flow, (e)Periodic, weighted avg cost flow, (f) perpetual system, moving average cost flow.
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Concord Company is a multi product firm. Presented below is information concerning one of its produc...
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