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Can someone help me with this please? Thank you in advance! Splish Company is a multiproduct firm. Presented below is information concerning one of its
Can someone help me with this please? Thank you in advance!
Splish 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 3,400 $19 2/4 Purchase 4,400 28 2/20 Sale 4,900 47 4/2 Purchase 5,400 36 11/4 Sale 4,600 51 (b) Compute cost of goods sold, assuming Splish uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to O decimal places, e.g. 6,548.) Cost of goods sold (a) Periodic system, FIFO cost flow $ 133200 (b) Perpetual system, FIFO cost flow $ 321000 (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 $Step by Step Solution
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