Blake Company is a multi product firm. Presented below is
information concerning one of its products, the Falcon.
Date |
Transaction |
Quantity |
Price/Cost |
|||
1/1 | Beginning inventory | 2,000 | $15 | |||
2/4 | Purchase | 3,000 | 23 | |||
2/20 | Sale | 3,500 | 38 | |||
4/2 | Purchase | 4,000 | 29 | |||
11/4 | Sale | 3,200 | 42 |
Average cost per unit?
Periodic system FIFO cost flow?
Perpetual system FIFO cost flow?
Periodic system LIFO cost flow?
Perpetual system LIFO cost flow?
Periodic system weighted-average cost flow?
Perpetual system moving-average cost flow?
Average cost per unit =(23+29)/2=26
Blake Company is a multi product firm. Presented below is information concerning one of its products,...
Pearl Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,000 $15 2/4 Purchase 3,000 23 2/20 Sale 3,500 38 4/2 Purchase 4,000 29 11/4 Sale 3,200 42 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit $ Compute cost of goods sold, assuming Pearl uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final...
Headland Company is a multi product firm. Presented below is Information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,000 $15 2/4 Purchase 3,000 2/20 Sale 3,500 4/2 Purchase 4,000 11/4 Sale 3,200 23 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per units LINK TO TEXT Compute cost of goods sold, assuming Head and uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final...
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Teal Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,900 $18 2/4 Purchase 3,900 26 2/20 Sale 4,400 44 4/2 Purchase 4,900 34 11/4 Sale 4,100 48 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit $ Compute cost of goods sold, assuming Teal uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final...
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