Solution-Compute cost of goods sold assuming bramble uses

Compute cost of goods sold assuming bramble uses

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Reference no: EM132622490

Bramble 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 2,400 $16

2/4 Purchase 3,400 24

2/20 Sale 3,900 41

4/2 Purchase 4,400 31

11/4 Sale 3,600 45

Problem (a) Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)

Problem (b) Compute cost of goods sold, assuming Bramble 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

(d) Perpetual system, LIFO cost flow

(e) Periodic system, weighted-average cost flow

(f) Perpetual system, moving-average cost flow

Reference no: EM132622490

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Compute cost of goods sold assuming bramble uses

Reference no: EM132622490

Reference no: EM132622490

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