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Novak 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 3,500

Novak 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 3,500 $19
2/4 Purchase 4,500 28
2/20 Sale 5,000 47
4/2 Purchase 5,500 36
11/4 Sale 4,700 52

Calculate average-cost per unit.

Average-cost per unit

$ 28.9259

(b)

Compute cost of goods sold, assuming Novak 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

$

(b) Perpetual system, FIFO cost flow

$

(c) Periodic system, LIFO cost flow

$

(d) Perpetual system, LIFO cost flow

$

(e) Periodic system, weighted-average cost flow

$

(f) Perpetual system, moving-average cost flow

$

Please explain where you get all calculations, I need to understand this for my final

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