Flint Corporation is a multi-product firm. The following information concerns one of its products, the...
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Flint Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Price/ Cost Date Transaction Quantity Jan. 1 Beginning inventory 1,400 $12 Feb. 4 Purchase 2,390 16 Feb. 20 Sale 2,800 32 Apr. 2 Purchase 3,370 25 Nov. 4 Sale 2,400 37 (a) Your answer is incorrect. Calculate cost of goods sold, assuming Flint uses a periodic inventory system and FIFO cost formula. $ Cost of goods sold e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer (b) . Your answer is incorrect. Calculate cost of goods sold, assuming Flint 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 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit
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