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Coronado Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye Quantity Price/Cost Date Transaction 1/1 Beginning inventory
Coronado Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye Quantity Price/Cost Date Transaction 1/1 Beginning inventory 2.200 $16 2/4 Purchase 3,200 2/20 Sale 3,700 4/2 Purchase 4.200 11/4 Sale 3,400 882 24 40 30 44 (a) Your answer is correct Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, eg 2.7613) Weighted average cost per unit $ 247917 (b) eTextbook and Media Your answer is partially correct. Compute cost of goods sold, assuming Coronado uses: (Round average cost per unit to 4 decimal places eg 2.7631 and final answers to O decimal places, eg 6,548) Cost of goods sold (3) Periodic system, FIFO cost flow $ 200000 (b) Perpetual system, FIFO cost flow $ 280000 (c) Periodic system, LIFO cost flow 195600 (d) Perpetual system, LIFO cost flow $ 254 (e) Periodic system average-cost flow $ Perpetual system, moving average cost flow eTextbook and Media
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