Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...

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Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG). Round "Unit Cost" answers to 2 decimal places and other answers to the nearest dollar amount. Beginning Inventory Sold Purchased Sold Purchased i Sold Ending Inventory Beginning Purchase Sale Purchase Number of Units Unit Cost Sales 260 $110 160 500 400 420 370 250 #units 113 120 $150 152 184 Cost of Goods Purchased Unit Cost Total Cost 00 00 00 AVG (perpetual) Inventory Cost of Goods Sold Unit Cost Bunits 00 Total Cost DO #units Cost of Inventory Remainin Unit Cost c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and for weighted average (AVG). Round "Unit Cost" answers to 2 decimal places and other answers to the nearest 50 52 184 rchased Total Cost 0.0 AVG (perpetual) Inventory #units Cost of Goods Sold Unit Cost 00 Total Cost 00 #units Cost of Inventory Remaining Unit Cost Total Cost Purchased Sold Ending Inventory Beginning Sale Purchase Sale Purchase Sale Sales #units COGS 420 370 250 Gross Margin, AVG perpetual ES Gross Margin 120 Cost of Goods Purchased Unit Cost Total Purchases 00 184 Total Cost AVG (perpetual) Invento. Cost of Goods #units 000 Total COGS Unit Cost sed Total Cost AVG (perpetual) Inventory Cost of Goods Sold #units Unit Cost 000 Total COGS Total Cost 000 #units Cost of Inventory Remaining 1000 Unit Cost Total Cost Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG). Round "Unit Cost" answers to 2 decimal places and other answers to the nearest dollar amount. Beginning Inventory Sold Purchased Sold Purchased i Sold Ending Inventory Beginning Purchase Sale Purchase Number of Units Unit Cost Sales 260 $110 160 500 400 420 370 250 #units 113 120 $150 152 184 Cost of Goods Purchased Unit Cost Total Cost 00 00 00 AVG (perpetual) Inventory Cost of Goods Sold Unit Cost Bunits 00 Total Cost DO #units Cost of Inventory Remainin Unit Cost c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and for weighted average (AVG). Round "Unit Cost" answers to 2 decimal places and other answers to the nearest 50 52 184 rchased Total Cost 0.0 AVG (perpetual) Inventory #units Cost of Goods Sold Unit Cost 00 Total Cost 00 #units Cost of Inventory Remaining Unit Cost Total Cost Purchased Sold Ending Inventory Beginning Sale Purchase Sale Purchase Sale Sales #units COGS 420 370 250 Gross Margin, AVG perpetual ES Gross Margin 120 Cost of Goods Purchased Unit Cost Total Purchases 00 184 Total Cost AVG (perpetual) Invento. Cost of Goods #units 000 Total COGS Unit Cost sed Total Cost AVG (perpetual) Inventory Cost of Goods Sold #units Unit Cost 000 Total COGS Total Cost 000 #units Cost of Inventory Remaining 1000 Unit Cost Total Cost

Answer rating: 100% (QA)

ANSWER a Cost of Goods Sold Using the Weighted Average AVG method Beginning Inventory 260 units at 110 per unit 28600 Purchases 113 units at 150 per u... View the full answer