Problem 8-6

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 2,990 $17

2/4 Purchase 3,990 26

2/20 Sale 4,490 43

4/2 Purchase 4,990 33

11/4 Sale 4,190 47

Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Average-cost per unit $

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.)

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 $

(f) Perpetual system, moving-average cost flow $