Question

Sandhill Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction 1/1 Beginning inventory 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale Quantity Price/Cost 1,400 2,400 2,900 3,400 2,600 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit

Answer 1

Answer Page No 0 0 Average cause para consils Quantity | Rate Amount Beginning inventory 1400 14 $19600 . Purchase 2400 $ 21. $50400 Purchase | 3400 $ 207 $91800 7200 161800 Amount = Quantity x rate Average cost per unit = $161800 $ 22.1 4722 7200 .: Average cost per units = $2014722 * Soof of goods sold @ Sandhill erses. Periodic system, FIFO corst flows coof of goods sold = (1400x$84) + (a4c0 x ¢æ1) + (1700X27) Sales = - 19600 + 50400 +45900 ( 1706) $ 115900 НЬ

Jง) Perpelial Systems , Fifo coof flows Page No T Purchases Sales Balance Dale lunits Per unit Amount units Per unit Amount units Pren unit Amount 1400 $14 19600 feb 4 2400 $ 21 50400 2400 $ 21 50400 1400 $14 19600 1500 $21 31500 900 $21 18900 | Apr 2 | 3400 $27 |91800 3400 27 91800 Nowa 900 $221 18900 1900 $27 45900 1700 $24 45900 5800 142200 5500 : 115900 100 *45900 1 100 $0* (45200 1400 | #a* (4590 © Periodic System ; LIFO conf flaco In periodic systems, LIFO conf flows Corf of goods sold = (31001 $27) + (@rox4 2) = $91800 + 44100 ('=2100) = $135900 ... cool of goods sold = $135900 .. 5500-3400

Page. No ☺ @ Perpeliäal Systems, kifo corf flow Balance Purchase Per unit Sales Amount unico per unit Date omilis Anxoent units per unit amount 1400 $14 19600 Jant feb 4 0400 $ 21 Hebao 50400 Q400 $21 50400 2400 $ 21 $50400 500 $14 $9000 900 $$14 10600 $91800 3400 $27 $91800 Apra 3400 $27 Nova 2600 $27 70200 900 $14 $12600 800 421 421600 142200 5500 1246001400 $34200 5800 : @ Poriadie system, weighted avergge cork flows : cost of goods sold a Sales units X average cool lunit = 5500 $22.9900 = $123597

© Perpetual system, moving-average cork flows Page No 4 Purchase 1 sales Balance Date units per unit Amount units Peronit Amount units Per unit Amount Jan! 1400 $14 $19600 feblh | 2400 $21 $ 50400| 1400 $14 $19600 2400 $21 $ 50400 3800 $18.42$ 70,000 feb 20 -2900 $18.42 53418 3800 $18.42 $69996 0900 $18.42 $53418 900 $18:42 $16578 Apr @ 3400 $07 $91800 900 $18.42 $16578 3400 $2+ $91800 Novy 2600 $25020 $655204300725120 2600. $25.20 $ 65520 $142200 5500 118938 7700 $42840 4300 *25.20 $ 108378 $ 25,20108318 1400 25.20 4284 0 5800 Cost of goods sold @ Periodic system, HFO cost flow $ 115900 6 Perpelūal systems, FIFO coef flows $ 115900 © Periodic system, LIFO cost flow $ 135900 @ Perpetual system, LIFO coof flow $ 127600 @ Periodic system, Poeighted average cost flavt $103597 Perpelial system, moving ang cost flow $ 118938