Information concerning one of its products

Assignment Help Accounting Basics

Reference no: EM131053535

Ehlo 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	1,220	$15
2/4	Purchase	2,220	23
2/20	Sale	2,720	38
4/2	Purchase	3,220	29
11/4	Sale	2,420	42

Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Average-cost per unit

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Compute cost of goods sold, assuming Ehlo uses: (Round average cost per unit to 2 decimal places, e.g. 2.76 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	$

Reference no: EM131053535

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