Question
Whispering Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1Beginning inventory2,200$162/4Purchase3,200242/20Sale3,700404/2Purchase4,2003011/4Sale3,40044 Calculate
Whispering Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye.
Date
Transaction
Quantity
Price/Cost
1/1Beginning inventory2,200$162/4Purchase3,200242/20Sale3,700404/2Purchase4,2003011/4Sale3,40044
Calculate average-cost per unit.(Round answer to 4 decimal places, e.g. 2.7613.)
Average-cost per unit$
Compute cost of goods sold, assuming Whispering 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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