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Compute cost of goods sold, assuming Kingbird uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 and final answers to O decimal places, eg. 6,548) (a) (b) (c) (d) (e) M Periodic system, FIFO cost flow 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 ●Textbook and Medis $ Cost of goods sold Assistance lised

Compute cost of goods sold, assuming Kingbird uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 and final answers to O decimal places, eg. 6,548) (a) (b) (c) (d) (e) M Periodic system, FIFO cost flow 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 ●Textbook and Medis $ Cost of goods sold Assistance lised

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I just need part (b)! thank you!

Correct answer please

Kingbird Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Quantity Price/Cost 3,100 4,100 4,600 5,100 4,300 Date 1/1 2/4 2/20 4/2 11/4 Transaction Beginning inventory Purchase Sale Purchase Sale Your Answer Correct Answer Your answer is correct. Weighted-average cost per unit $18 27 Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, e.g. 2.7613) $ 45 35 50 28.0488
Transcribed Image Text:Kingbird Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Quantity Price/Cost 3,100 4,100 4,600 5,100 4,300 Date 1/1 2/4 2/20 4/2 11/4 Transaction Beginning inventory Purchase Sale Purchase Sale Your Answer Correct Answer Your answer is correct. Weighted-average cost per unit $18 27 Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, e.g. 2.7613) $ 45 35 50 28.0488
(b) Compute cost of goods sold, assuming Kingbird uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 and final answers to O decimal places, e.g. 6,548.) (a) (b) (c) (d) (e) (f) Periodic system, FIFO cost flow 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 $ eTextbook and Media $ Save for Later Cost of goods sold Assistance Used Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:(b) Compute cost of goods sold, assuming Kingbird uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 and final answers to O decimal places, e.g. 6,548.) (a) (b) (c) (d) (e) (f) Periodic system, FIFO cost flow 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 $ eTextbook and Media $ Save for Later Cost of goods sold Assistance Used Attempts: 0 of 3 used Submit Answer
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