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Problem 8-06 Sunland Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction 1/1 Beginning inventory 2/4
Problem 8-06 Sunland 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 2,300 $16 3,300 24 3,800 4,300 3,500 44 40 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit LINK TO TEXT Compute cost of goods sold, assuming Sunland 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 (a) Periodic system, FIFO cost flow (b) Perpetual system, FIFO cost flow ta (c) Periodic system, LIFO cost flow ta (d) Perpetual system, LIFO cost flow ta ta (e) Periodic system, weighted average cost flow (1) Perpetual system, moving-average cost flow ta Click if you would like to Show Work for this question: Open Show Work
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