Redster Company is a manufacturing firm. Presented below is information concerning one of its – Business Finance 2023

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Redster Company is a manufacturing firm. Presented below is information concerning one of its – Business Finance

Inventory 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

Inventory Costing and Periodic and Perpetual inventory Systems Redster Company is a manufacturing firm Presented below is information concerning one