T. Chin starts a business. Before he actually starts to sell anything, he buys fixtures at $2,000, a
motor vehicle for $5,000 and inventory for $3,500.
Although he has paid in full for the fixtures and the
motor vehicle, he still owes $1,400 for some of the
goods. J. Preston had lent Chin $3,000. Chin, after
the above, has $2,800 in the business bank account
and $100 cash in hand. You are required to calculate
his capital

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e. g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber 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.) 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 $ click if you would like to show work for this question: open show work