nventory Costing and Periodic and Perpetual inventory Systems

Task 3, WGU Disaster Recovery
April 5, 2021
Nursing follow up question
April 5, 2021

nventory Costing and Periodic and Perpetual inventory Systems

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

Using an Excel spreadsheet, compute the cost of goods sold under the following situations:

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

  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

Your submission must show all calculations used to arrive at the answers,AND A SHORT WRITTEN NARRATIVE OF TOPIC . Any written comments must be formatted according to the APA REQUIREMENTS Insert comments, as needed, using Excel’s “Add a Comment” function.

 

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