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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![The accounting records of Sandhill Electronics show the following data.
Beginning inventory
Purchases
Sales
4,000 units at $4
8,500 units at $6
10,700 units at $9
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost
eTextbook and Media
Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and
the average-cost method. (Round answers to O decimal places, e.g. 125.)
Cost of goods sold
FIFO
$
LIFO
$
Average-cost](https://content.bartleby.com/qna-images/question/5d9c9f6a-3a92-4650-aee4-d1b63ade92c4/951ec9e4-bc6b-4248-989a-3f56089b5fe4/fv105o7_thumbnail.png)
Transcribed Image Text:The accounting records of Sandhill Electronics show the following data.
Beginning inventory
Purchases
Sales
4,000 units at $4
8,500 units at $6
10,700 units at $9
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost
eTextbook and Media
Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and
the average-cost method. (Round answers to O decimal places, e.g. 125.)
Cost of goods sold
FIFO
$
LIFO
$
Average-cost
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