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 $ 50   purchased  600    52   Sold  400   $ 80 Sold 350      90 Ending inventory  650         Use this chart:  FIFO (perpetual) Inventory   Cost of Goods Purchased   Cost of Goods Sold   Cost of Inventory Remaining   Number of Units Unit Cost Total Cost   Number of Units Unit Cost Total Cost   Number of Units Unit Cost Total Cost Beginning                                               Purchase                                                                       Sale                                                                       Sale                                                                       Total Purchases

LIFO, Perpetual and Periodic Riedel Company's inventory records showed the following transactions for the fiscal period ended June 30:   Units     Cost/Unit   June 1 Inventory 700     $6.20 June 3 Purchase 400     6.40 June 15 Sales @ $12.00 300       June 22 Sales @ $12.50 600       June 30 Purchase 600     6.70 Required: 1. Compute the ending inventory and the cost of goods sold under the LIFO cost flow assumption assuming both a perpetual and a periodic inventory system. If required, round your answers to the nearest dollar. LIFO - periodic:Ending inventory     $fill in the blank 1Cost of goods sold   $fill in the blank 2 LIFO - perpetual:Ending inventory     $fill in the blank 3Cost of goods sold   $fill in the blank 4     2. Under which of the following assumptions may the cost of goods sold include the costs of the most latest purchases of the period, even though those purchases were made after the sales took place?     Under which of the following…

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Akira Company had the following transactions for the month.   Numberof Units TotalCost Beginning inventory 130     $1,300   Purchased Mar. 31 190     2,280   Purchased Oct. 15 160     2,400   Total goods available for sale 480     5,980   Ending inventory 70     ?   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 $29 each. Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.   Gross Margin A. First-in, First-out (FIFO) $fill in the blank 1 B. Last-in, First-out (LIFO) $fill in the blank 2 C. Weighted Average (AVG) $fill in the blank 3

Required information Skip to question [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 44 $ 10 July 13 Purchase 220 12 July 25 Sold (100) $ 16 July 31 Ending Inventory 164 Required: a. Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under LIFO. Assume a periodic inventory system is used.

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 last-in, first-out (LIFO).                                Number of units           Unit cost                      Unit sales Beginning invengtory   240                          $100 Sold                               160                                                                 $140 Purchased                      520                          $103 Sold                                400                                                                 $142 Purchased                       400                          $110 Sold                                 370                                                                  $144 Ending inventory             230

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Given the following:   Numberpurchased Costper unit Total January 1 inventory   30     $ 5     $ 150   April 1   50       8       400   June 1   40       9       360   November 1   45       10       450       165             $ 1,360      a.  Calculate the cost of ending inventory using the LIFO (ending inventory shows 51 units).     b. Calculate the cost of goods sold using the LIFO (ending inventory shows 51 units).

How much are the ending inventory and cost of sales under the moving average method?

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