Question: Hello, I really need help with this exercise. Compute cost of goods sold, assuming Swifty uses: (Round average cost per unit to 4 decimal places,
Hello, I really need help with this exercise.
Compute cost of goods sold, assuming Swifty 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 | NT$enter a new taiwan dollar amount | ||
| (b) | Perpetual system, FIFO cost flow | NT$enter a new taiwan dollar amount | ||
| (c) | Periodic system, LIFO cost flow | NT$enter a new taiwan dollar amount | ||
| (d) | Perpetual system, LIFO cost flow | NT$enter a new taiwan dollar amount | ||
| (e) | Periodic system, weighted-average cost flow | NT$enter a new taiwan dollar amount | ||
| (f) | Perpetual system, moving-average cost flow | NT$enter a new taiwan dollar amount |
really need explanations, i don't really understand how to do this kind of exercises (will rate)
Thanks
Swifty Ltd. is a multiproduct firm. Presented below is information concerning one of its products, the Jayhawk. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 840 NT$12 2/4 Purchase 1,680 18 2/20 Sale 2,100 30 4/2 Purchase 2,520 23 11/4 Sale 1,840 33
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