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Concord Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction 1/1 Beginning inventory 2/4 Purchase 2/20
Concord Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction 1/1 Beginning inventory 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale Quantity Price/Cost 1,500 $14 2,500 3,000 3,500 2,700 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per units Compute cost of goods sold, assuming Concord 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 to to (c) Periodic system, LIFO cost flow to to (d) Perpetual system, LIFO cost flow (e) Periodic system, weighted average cost flow (f) Perpetual system, moving average cost flow to
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