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Marigold 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 1,400
Marigold 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 | 1,400 | $14 | |||
2/4 | Purchase | 2,400 | 21 | |||
2/20 | Sale | 2,900 | 35 | |||
4/2 | Purchase | 3,400 | 27 | |||
11/4 | Sale | 2,600 | 38 |
(a)
Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)
Average-cost per unit |
Find all of these:
a) Periodic System, FIFO cost flow, (b) Perpetual System, FIFO Cost Flow (c) Periodic System, LIFO Cost Flow (d) Periodic, LIFO cost flow, (e)Periodic, weighted avg cost flow, (f) perpetual system, moving average cost flow.
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