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
(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