Question
Hello, I really need help with this exercise. Compute cost of goods sold, assuming Swifty uses: (Round average cost per unit to 4 decimal places,
Hello, I really need help with this exercise.
Compute cost of goods sold, assuming Swifty 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 | NT$enter a new taiwan dollar amount | ||
(b) | Perpetual system, FIFO cost flow | NT$enter a new taiwan dollar amount | ||
(c) | Periodic system, LIFO cost flow | NT$enter a new taiwan dollar amount | ||
(d) | Perpetual system, LIFO cost flow | NT$enter a new taiwan dollar amount | ||
(e) | Periodic system, weighted-average cost flow | NT$enter a new taiwan dollar amount | ||
(f) | Perpetual system, moving-average cost flow | NT$enter a new taiwan dollar amount |
really need explanations, i don't really understand how to do this kind of exercises (will rate)
Thanks
Swifty Ltd. is a multiproduct firm. Presented below is information concerning one of its products, the Jayhawk. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 840 NT$12 2/4 Purchase 1,680 18 2/20 Sale 2,100 30 4/2 Purchase 2,520 23 11/4 Sale 1,840 33Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started