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Calculate average-cost per unit.

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Question - Cullumber Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye.

Date

Transactions

Quantity

Price/Cost

1/1

Beginning inventory

1,100

$13

2/4

Purchase

2,100

20

2/20

Sale

2,600

33

4/2

Purchase

3,100

25

11/4

Sale

2,300

36

Calculate average-cost per unit.

Compute cost of goods sold, assuming Cullumber uses:

(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: EM131660963

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