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Waterway Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory
Waterway Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,900 $18 2/4 Purchase 3,900 26 2/20 Sale 4,400 44 4/2 Purchase 4,900 34 11/4 Sale 4,100 48 Your answer is incorrect. Calculate average-cost per unit. (Round answer to 4 decimal places, eg. 2.7613) Average-cost per unit 11700 eTextbook and Media Your answer is partially correct. Compute cost of goods sold, assuming Waterway uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 and final answers to O decimal places, eg 6,548.) Cost of goods sold (a) Periodic system, FIFO cost flow $ 211400 (b) Perpetual system, FIFO cost flow $ 211400 (c) Periodic system, LIFO cost flow $ 260200 (d) Perpetual system, LIFO cost flow $ 249800 (e) Periodic system, weighted-average cost flow $ 232624 (f) Perpetual system, moving-average cost flow $ 227271 eTextbook and Media
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