Compute cost of goods sold, assuming Blue uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and decimal places, e.g. 6,548.) 1/1 (a) Periodic system, FIFO cost flow- (b) Perpetual system, FIFO cost flow. (c) Periodic system, LIFO cost flow Date 2/4 2/20 4/2 (d) (e) 11/4 (f) Perpetual system, LIFO cost flow Periodic system, average-cost flow Blue Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Quantity Price/Cost Perpetual system, moving-average cost flow Transaction Beginning inventory Purchase Sale Purchase Sale 3,200 4,200 4,700 5,200 4,400 $18 27 46 35 $ 50 $ Cost of goods sold I
Compute cost of goods sold, assuming Blue uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and decimal places, e.g. 6,548.) 1/1 (a) Periodic system, FIFO cost flow- (b) Perpetual system, FIFO cost flow. (c) Periodic system, LIFO cost flow Date 2/4 2/20 4/2 (d) (e) 11/4 (f) Perpetual system, LIFO cost flow Periodic system, average-cost flow Blue Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Quantity Price/Cost Perpetual system, moving-average cost flow Transaction Beginning inventory Purchase Sale Purchase Sale 3,200 4,200 4,700 5,200 4,400 $18 27 46 35 $ 50 $ Cost of goods sold I
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Bb.41.
Transcribed Image Text:Compute cost of goods sold, assuming Blue uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and fi
decimal places, e.g. 6,548.)
(a)
Date
1/1
2/4
(b)
4/2
(c)
2/20
(a)
(d)
11/4
(e)
(f)
Periodic system, FIFO cost flow
V
Perpetual system, FIFO cost flow
Periodic system, LIFO cost flow
Perpetual system, LIFO cost flow
Periodic system, average-cost flow
Perpetual system, moving-average cost flow
Blue Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.
Transaction
Beginning inventory
Purchase
Sale
Purchase
Sale
Your answer is correct.
Quantity
3,200
4,200
4,700
5,200
4,400
Price/Cost
Weighted average cost per unit $
$18
27
46
35
50
$
$
200150
$
$
$
$
Cost of goods sold
I
Calculate the weighted average cost per unit. (Round answer to 4 decimal places, eg. 2.7613)
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