Calculate the cost of goods sold dollar value for A65 Company for the month, considering the...

 

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Calculate the cost of goods sold dollar value for A65 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO), Number of Units Unit Cost Sales Beginning inventory 800 $60 Purchased 700 62 Sold 360 $86 Sold 350 93 Ending inventory 790 FIFO (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Number Number Number of Units Unit Cost Total Cost of units Unit Cost Total Cost of units Unit Cost Total Cost Beginning Purchase 700 V 62 Sale Sale Total COGS Total Purchases Calculate the cost of goods sold dollar value for A65 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO), Number of Units Unit Cost Sales Beginning inventory 800 $60 Purchased 700 62 Sold 360 $86 Sold 350 93 Ending inventory 790 FIFO (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Number Number Number of Units Unit Cost Total Cost of units Unit Cost Total Cost of units Unit Cost Total Cost Beginning Purchase 700 V 62 Sale Sale Total COGS Total Purchases

Answer rating: 100% (QA)

A65 Company FIFO Perpetual Purchases Cost of goods sold Cost of Inventory remai... View the full answer