Exercise 8-15 Bridgeport Corporation is a multi-product firm. The following information concerns one of its products,...

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

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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

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

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ekkarill92 answered 1 year ago

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