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Wildhorse Company is a multiproduct firm. Presented below is Information concerning one of its products, the Hawkeye. Date Transaction 1/1 Beginning Inventory 2/4 Purchase 2/20
Wildhorse Company is a multiproduct 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 2,800 3,800 4,300 4,800 4,000 Your Answer Correct Answer (Used) * Your answer is incorrect. Calculate average-cost per unit. (Round answer to 4 decimal places, eg. 2.7613.) Average-cost per unit $ 26.74 e Textbook and Media Solution Attempts: 3 of 3 used Question Part Score 0/3 (b) Compute cost of goods sold, assuming Wildhorse uses: (Round average cost per unit to 4 decimal places, eg, 2.7631 and final answers to 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 $ (1) Perpetual system, moving average cost flow $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Question Part Score --/18
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