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Coronado 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 2,200
Coronado 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 2,200 $16 2/4 Purchase 3,200 24 2/20 Sale 3,700 40 4/2 Purchase 4,200 30 11/4 Sale 3,400 44 * Your answer is incorrect. Calculate average-cost per unit. (Round answer to 4 decimal places, eg. 2.7613.) Average-cost per unit $ 24.79 eTextbook and Media X Your answer is incorrect. Compute cost of goods sold, assuming Coronado uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 and final answers to decimal places, eg. 6,548.) Cost of goods sold (a) Periodic system, FIFO cost flow $ 22.95 (b) Perpetual system, FIFO cost flow $ 46 Periodic system, LIFO cost flow 27.5 ( (d) le) $ 53 Perpetual system, LIFO cost flow Periodic system, weighted average cost flow $ 24.79 (f) $ Perpetual system, moving average cost flow $ 27
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