Marigold 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		860		NT$14
2/4		Purchase		1,720		20
2/20		Sale		2,150		32
4/2		Purchase		2,580		25
11/4		Sale		1,880		35

(a)

• Your Answer
• Correct Answer

Correct answer icon

Your answer is correct.

Calculate the average-cost per unit in a periodic inventory system. (Round answer to 2 decimal places, e.g. 2.76.)

Average-cost per unit

NT$enter the average-cost per unit in new taiwan dollar rounded to 2 decimal places

eTextbook and Media

Solution

Attempts: 3 of 3 used

(b)

Compute cost of goods sold, assuming Marigold 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