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). Number of Units Unit Cost Sales Beginning inventory 860 $60 Purchased 640 62 Sold 400 $100 Sold 350 110 Ending inventory 750
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). Number of Units Unit Cost Sales Beginning inventory 860 $60 Purchased 640 62 Sold 400 $100 Sold 350 110 Ending inventory 750
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...
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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).
Number of Units |
Unit Cost |
Sales |
|
Beginning inventory | 860 | $60 | |
Purchased | 640 | 62 | |
Sold | 400 | $100 | |
Sold | 350 | 110 | |
Ending inventory | 750 |
LIFO (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 | fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | ||||||
Purchase | fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 | fill in the blank 7 | fill in the blank 8 | fill in the blank 9 | |||
fill in the blank 10 | fill in the blank 11 | fill in the blank 12 | |||||||
Sale | fill in the blank 13 | $fill in the blank 14 | $fill in the blank 15 | fill in the blank 16 | fill in the blank 17 | fill in the blank 18 | |||
fill in the blank 19 | fill in the blank 20 | fill in the blank 21 | |||||||
Sale | fill in the blank 22 | fill in the blank 23 | fill in the blank 24 | fill in the blank 25 | fill in the blank 26 | fill in the blank 27 | |||
fill in the blank 28 | fill in the blank 29 | fill in the blank 30 | |||||||
Total Purchases | $fill in the blank 31 | Total COGS | $fill in the blank 32 |
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