Question

Exercise 8-15 Bridgeport Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Date Transaction Quantity Price/ Cost Jan. 1 Beginning inventory 2,000 $13 Feb. 4 Purchase 2,860 20 Feb. 20 Sale 3,210 28 Apr. 2 Purchase 3,740 22 Nov. 4 Sale 3,300 36

Calculate cost of goods sold, assuming Bridgeport uses a periodic inventory system and FIFO cost formula. Cost of goods sold $ LINK TO TEXT LINK TO TEXT

Calculate cost of goods sold, assuming Bridgeport uses a periodic inventory system and weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.) Cost of goods sold $ LINK TO TEXT LINK TO TEXT

Calculate cost of goods sold, assuming Bridgeport uses a perpetual inventory system and moving-average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.) Cost of goods sold $

Answer 1