Date 1/1 2/4 2/20 4/2 11/4 (a) (b) (a) Transaction Average-cost per unit $ (b) Beginning inventory Purchase (c) Sale eTextbook and Media (d) Purchase Save for Later (e) Sale (f) Your answer is incorrect. Calculate average-cost per unit. (Round answer to 4 decimal places, eg. 2.7613) Quantity Price/Cost 1,600 2,600 3,100, 3,600 2,800 Compute cost of goods sold, assuming Skysong uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 on O decimal places, eg. 6,548.) Periodic system, FIFO cost flow Perpetual system, FIFO cost flow $14 Periodic system, LIFO cost flow 22 Perpetual system, LIFO cost flow Periodic system, weighted-average cost flow 36 28 40 $ Perpetual system, moving average cost flow $ Attempts: 1 of 5 used Cost of goods sold
Date 1/1 2/4 2/20 4/2 11/4 (a) (b) (a) Transaction Average-cost per unit $ (b) Beginning inventory Purchase (c) Sale eTextbook and Media (d) Purchase Save for Later (e) Sale (f) Your answer is incorrect. Calculate average-cost per unit. (Round answer to 4 decimal places, eg. 2.7613) Quantity Price/Cost 1,600 2,600 3,100, 3,600 2,800 Compute cost of goods sold, assuming Skysong uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 on O decimal places, eg. 6,548.) Periodic system, FIFO cost flow Perpetual system, FIFO cost flow $14 Periodic system, LIFO cost flow 22 Perpetual system, LIFO cost flow Periodic system, weighted-average cost flow 36 28 40 $ Perpetual system, moving average cost flow $ Attempts: 1 of 5 used Cost of goods sold
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
Don't give answer in image format
Transcribed Image Text:Date
1/1
2/4
2/20
4/2
11/4
(a)
(b)
(a)
Transaction
Average-cost per unit. $
(b)
Beginning inventory
Purchase
(c)
Sale
eTextbook and Media
(d)
Purchase
Save for Later
(e)
Sale
(f)
Your answer is incorrect
Quantity Price/Cost
1,600
Calculate average-cost per unit. (Round answer to 4 decimal places, eg. 2.7613)
1
2,600
3,100.
3,600
2,800
Compute cost of goods sold, assuming Skysong uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 on
O decimal places, eg. 6,548)
Periodic system, FIFO cost flow
Perpetual system, FIFO cost flow.
Periodic system, LIFO cost flow
Perpetual system, LIFO cost flow
$14
Periodic system, weighted-average cost flow
22
Perpetual system, moving-average cost flow
36
28
40
$
$
$
$
Attempts: 1 of 5 used
Cost of goods sold
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