Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products,...
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Accounting
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 2,390 $17
2/4 Purchase 3,390 26
2/20 Sale 3,890 43
4/2 Purchase 4,390 33
11/4 Sale 3,590 47
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.)
How do I compute- Perpetual system, moving-average cost flow?
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