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Problem 8-6 Bonita Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1
Problem 8-6 Bonita Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,400 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale $16 24 3,400 3,900 4,400 3,600 31 45 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Compute cost of goods sold, assuming Bonita uses: (Round average cost per unit to4 I places, e.g. 2.7631 and final answers to 0 decimal placie 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 (1) Perpetual system, moving-average cost flow
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