Question: Windsor 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 1,800
Windsor 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 | 1,800 | $15 | |||
| 2/4 | Purchase | 2,800 | 22 | |||
| 2/20 | Sale | 3,300 | 37 | |||
| 4/2 | Purchase | 3,800 | 29 | |||
| 11/4 | Sale | 3,000 | 41 |
Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)
| Average-cost per unit | :________ |
Compute Cost of Goods Sold:
| cost of goods sold | |
| Periodic system, FIFO cost flow | $ |
| Perpetual system, FIFO Cost flow | $ |
| Periodic system, LIFO cost flow | $ |
| Perpetual system, LIFO cost flow | $ |
| Periodic system, Weighted Average cost flow | $ |
| Perpetual system, Weighted Average cost flow | $ |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
