Metlock Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. 1/1 - Beginning Inventory (Quantity 1,000 - Price/Cost = $12), 2/4 - Purchase (Quantity 2,000 - Price/Cost = $18), 2/20 - Sale (Quantity 2,500 - Price/Cost = $30), 4/2 - Purchase (Quantity 3,000 - Price/Cost = $23) 11/4 - Sale (Quantity 2,200 - Price/Cost = $33) Instructions: Compute cost of goods sold, assuming Elho 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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