Question
Splish 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
Splish 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 | 2,000 | $15 | |||
2/4 | Purchase | 3,000 | 23 | |||
2/20 | Sale | 3,500 | 38 | |||
4/2 | Purchase | 4,000 | 29 | |||
11/4 | Sale | 3,200 | 42 |
Average-cost per unit $ _______
Compute cost of goods sold, assuming Splish 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) 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 $
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