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Problem 8-6 (Part Level Submission) Indigo Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction

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Problem 8-6 (Part Level Submission) Indigo Company is a multi product 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 1,800 $15 2,800 3,300 3,800 13,000 (a) Your answer is correct. Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit .67 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Compute cost of goods sold, assuming Indigo uses: (Round average cost per unit to 1 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) (a) Periodic system, FIFO cost flow Cost of goods sold 137900 (b) Perpetual system, FIFO cost flow 60900 (c) Periodic system, LIFO cost flow 165200 (d) Perpetual system, LIFO cost flow 42700 (e) Periodic system, weighted average cost flow 149100 (0) Perpetual system, moving average cost flow 55692 LINK TO TEXT Attempts: 2 of 3 used

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