Question

Tamarisk 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	2,600	$17
2/4	Purchase	3,600	25
2/20	Sale	4,100	42
4/2	Purchase	4,600	32
11/4	Sale	3,800	46

Compute cost of goods sold, assuming Tamarisk 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.)
A)

Perpetual system, LIFO cost flow

b)

Perpetual system, moving-average cost flow

c)Periodic LIFO

D) Periodic weighted average

Answer 1