Question: Shefheld Company is a multiproduct form. Presented below is information concerning one of its products the Hawkeye. Date 1/1 2/4 2/20 4/2 11/4 Transaction Beginning


Shefheld Company is a multiproduct form. Presented below is information concerning one of its products the Hawkeye. Date 1/1 2/4 2/20 4/2 11/4 Transaction Beginning inventory Purchase Sale Purchase Quantity 2.700 3,700 4,200 4.700 3,900 Price/Cost $17 26 43 33 Sale Compute cost of goods sold, assuming Sheffield uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 and final answers to O decimal places, eg. 6,548.) Cost of goods sold $ 297,200 (a) Periodic system, FIFO cost flow $ 297.200 (b) Perpetual system, FIFO cost flow $ 251.300 lo Periodic system, LIFO cost flow $ (d) Perpetual system, LIFO cost flow $ (e) Periodic system weighted-average cost flow $ (0 Perpetual system, moving average cost flow
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