Hello there, Thank you for your help! I need the following info using the templates attached please. Calculate the cost of goods sold dollar value for B65 Company for the month, considering thefollowing transactions under three different cost allocation methods and using perpetualinventory updating. Provide calculations for first-in, first-out (FIFO) and the calculations for lastin, first out (LIFO) (Templates Provided)Number of UnitsUnit CostSales100$66Beginning inventoryPurchased8075Sold50$120Sold25125Ending inventory105 FIFO (perpetual) InventoryCost of GoodsCost of InventoryPurchasedCost of Goods SoldRemainingUnitNumber UnitTotalNumberUnitTotalNumberTotalof UnitsCostCostof UnitsCostCostof UnitsCostCostBeginningPurchaseSaleSaleTotal PurchasesTotal COGSLIFO (perpetual) InventoryCost of InventoryRemainingUnitCost of Goods PurchasedCost of Goods SoldNumberUnitTotalNumberUnitTotalNumberTotalof UnitsCostCostof UnitsCostCostof UnitsCostCostBeginningPurchaseSaleSaleTotal PurchasesTotal COGS

Answered: Image /qna-images/answer/adfaf676-2897-4180-b58e-fe988bd52d79.jpg

Calculate the cost of goods sold dollar value for B65 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) and the calculations for last in, first out (LIFO) (Templates Provided) Number of Units Unit Cost Sales Beginning inventory Purchased Sold Sold 100 80 50 25 $66 75 $120 125 Ending inventory 105

Calculate the cost of goods sold dollar value for B65 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) and the calculations for last in, first out (LIFO) (Templates Provided) Number of Units Unit Cost Sales Beginning inventory Purchased Sold Sold 100 80 50 25 $66 75 $120 125 Ending inventory 105

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 4PA: Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering...

See similar textbooks

Similar questions

Calculate the cost of goods sold dollar value for A66 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for last-in, first-out (LIFO).
Calculate the cost of goods sold dollar value for A67 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG).
Trini Company had the following transactions for the month. Calculate the cost of goods sold dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
Akira Company had the following transactions for the month. Calculate the gross margin for the period for each of the following cost allocation methods, using periodic inventory updating. Assume that all units were sold for $25 each. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
Use the last-in, first-out (LIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for A75 Company, considering the following transactions.
Bleistine Company had the following transactions for the month. Calculate the gross margin for the period for each of the following cost allocation methods, using periodic inventory updating. Assume that all units were sold for $50 each. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average (AVG).
DeForest Company had the following transactions for the month. Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
Akira Company had the following transactions for the month. Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
Trini Company had the following transactions for the month. Calculate the ending inventory dollar value for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
Use the first-in, first-out (FIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for A75 Company, considering the following transactions.
Bleistine Company had the following transactions for the month. Calculate the ending inventory dollar value for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)