Nash Company is a multi product firm. Presented below is information concerning one of its...
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Nash Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye Date Transaction Quantity Price/Cost $19 28 47 36 52 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale 1/1 Beginning inventory 3,500 4,500 5,000 5,500 4,700 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit 28.926 Compute cost of goods sold, assuming Nash uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to o 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 16010
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