Probiem 8-6 Sandhill Company is a multi product firm. Presented below is information...
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Probiem 8-6 Sandhill Company is a multi product firm. Presented below is information concerning one of ts pr oducts, the Hawkeye. Date Transaction Quantity Price/Cost 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale 1/1 Beginning inventory 2,200 3,200 3,700 4,200 3,400 $16 24 40 30 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit $ Compute cost of goods sold, assuming Sandhill 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 (2) Perpetual system, moving-average cost flow
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