Benson Company is a manufacturing firm. Presented below is information concerning one of its products:1/1 Beginning inventory3,190$102/12 Purchase3,630$153/2 Sale2,640$284/18 Purchase4,950$185/31 Sale4,180$30Part ACompute the cost of goods sold under the following situations:Periodic system, FIFO cost flowPerpetual system, FIFO cost flowPeriodic system, LIFO cost flowPerpetual system, LIFO cost flowPeriodic system, weighted-average cost flowPerpetual system, moving-average cost flowYour answers must be submitted in an Excel file and must show all calculations used to arrive at the final answers.Part BSummarize the cost of goods sold in a one-page memo to Benson Corporation’s CEO. Format your memo according to the CSU-Global Guide to Writing and APA Requirements.Please ensure you follow the instructions and use APA format for both the Excel portion and the memo. I know it is a memo but please do not forget your sources. Thank you! Please let me know if you have any questions. Thank you
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