B66's transactions involving inventory for the month are shown below. Calculate the dollar amount of Sales, Cost of Goods Sold, Gross Margin and Ending Inventory using the three cost allocation methods (FIFO, LIFO, and Weighted Average) with perpetual inventory updating.   Number of Units Unit Cost Sales Beginning Inventory 100 $66   Sold 50    $120 Purchased 80  $75   Sold 25   $125 Ending Inventory 105     Show your calculations and clearly label your solution. Submit your work as an attachment to this assignment.

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A: LIFO Method - Under FIFO Method of Inventory valuation inventory purchased latest will be sold first…

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A: a. Compute the total cost of the ending inventory according to FIFO.

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A:

Q: Calculate the cost of goods sold dollar value for A65 Company for the month, considering the…

A: The perpetual method updates the records after each transaction of purchase and sale.

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.