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Compute cost of goods sold, assuming Wildhorse uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal
Compute cost of goods sold, assuming Wildhorse 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 |
Please show the calculation (specially weighted- Average cost flow & moving-average cost flow)
Wildhorse 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 2,800 $17 2/4 Purchase 3,800 26 2/20 Sale 4,300 43 4/2 Purchase 4,800 33 11/4 Sale 4,000 48Step by Step Solution
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