Question
Bramble Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,400
Bramble Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.
Date Transaction Quantity Price/Cost
1/1 Beginning inventory 2,400 $16
2/4 Purchase 3,400 24
2/20 Sale 3,900 41
4/2 Purchase 4,400 31
11/4 Sale 3,600 45
(a)
Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)
Average-cost per unit
$25.1373
(b)
Compute cost of goods sold, assuming Bramble uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.)
Cost of goods sold
(a) Periodic system, FIFO cost flow
$
(b) Perpetual system, FIFO cost flow
$
(c) Periodic system, LIFO cost flow
$
(d) Perpetual system, LIFO cost flow
$
(e) Periodic system, weighted-average cost flow
$
(f) Perpetual system, moving-average cost flow
$
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