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P8.6 (LO 3) Groupwork (Compute FIFO, LIFO, Average-Cost-Periodic and Perpetual) Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products,
P8.6 (LO 3) Groupwork (Compute FIFO, LIFO, Average-Cost-Periodic and Perpetual) Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date 1/1 2/4 2/20 Transaction Beginning inventory Purchase Sale Purchase Sale Quantity 1,000 2,000 2,500 3,000 2,200 Price/Cost $12 18 30 23 33 4/2 11/4 Instructions Compute cost of goods sold, assuming Ehlo uses: 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. . Amant
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