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I am having trouble with parts c, d, and f. If someone could walk through how to complete those it would be greatly appreciated. Thank
I am having trouble with parts c, d, and f. If someone could walk through how to complete those it would be greatly appreciated. Thank you in advance.
Bonita 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 1.900 2.900 3.400 3.900 3.100 Your answer is correct. Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit $ 23.9425 e Textbook and Media - Your answer is partially correct. Compute cost of goods sold, assuming Bonita uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, eg. 6,548.) Cost of goods sold (a) Periodic system. FIFO cost flow 144500 (b) Perpetual system, FIFO cost flow 144500 (c) Periodic system, LIFO cost flow 164100 (d) Perpetual system, LIFO cost flow 172900 (e) Periodic system, weighted average cost flow $ 155626 (f) Perpetual system, moving average cost flow $ 161920Step by Step Solution
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