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Sheridan Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. DateTransactionQuantity Price/Cost $14 21 35 27 39
Sheridan Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. DateTransactionQuantity Price/Cost $14 21 35 27 39 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale 1/1 Beginning inventory1,500 2,500 3,000 3,500 2,700 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit Compute cost of goods sold, assuming Sheridan uses: (Round average cost per unit to 4 decimal places,e.g. 2.7631 and final answers to O 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 Click if you would like to Show Work for this question: Open Show Work
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