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). Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.   Number of Units Unit Cost Sales Beginning inventory 900     $50        Purchased 600     52        Sold 400        $100   Sold 350        110   Ending inventory 750           AVG (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 Sale       fill in the blank 10 fill in the blank 11 fill in the blank 12 fill in the blank 13 fill in the blank 14 fill in the blank 15 Sale       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   Total Purchases fill in the blank 22 Total COGS fill in the blank 23

There are such data of the ABC Company’s activity. The company uses perpetual inventory updating.    Number of Units Unit Cost, $ Sales prise, $ Beginning inventory 900 60   Purchased 700 65       Sold 1 900   100     Sold 2 200   120 Ending inventory       Find ending inventory and its cost Calculate the cost of goods sold in units and in dollar value for Company ABC for the month. Provide calculations for first-in, first-out (FIFO) method. Find Gross margin for the 1-st and 2-d sells

Weighted average cost flow method under perptual inventory system.  The following units of a particular item were availabe for sale during the calendar year. Jan. 1                    Inventory         4,000 units at $20 April 19                Sale                  2,500 units June 30                 Purchase         6,000 units at $24 Sept. 2                  Sale                 4,500 units Nov. 15               Purchase           1,000 units at $25 Instructions:  The firm uses the weighted averaghe cost method with a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. (chapter 7 question EX 7-9 page 380- immediate accounting I textbook)

From the following, calculate the cost of ending inventory and cost of goods sold for the FIFO method, ending inventory is 58 units. Note: Round your answers to the nearest cent. Beginning inventory and purchases Units Unit cost January 1 6 $ 1.60 April 10 9 2.10 May 15 13 2.60 July 22 14 2.85 August 19 19 3.60 September 30 19 3.80 November 10 33 4.00 December 15 15 4.40   1. Cost of ending inventory 2. Cost of goods sold

Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. Units Unit Cost $ 30 July 1 July 5 July 13 July 17 July 25 July 27 Beginning Inventory Sold 2,000 1,000 6,000 3,000 8,000 5,000 Purchased 34 Sold Purchased 36 Sold Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) Weighted Average Cost FIFO LIFO Cost of Goods Available for Sale 552,000 $ 552,000 $ 552,000 Ending Inventory Cost of Goods Sold

The following data are available for Sellco for the fiscal year ended on January 31, 2020:              Sales 830 units       Beginning inventory 230 units @ $ 4 Purchases, in chronological order 290 units @ $ 5   450 units @ $ 7   250 units @ $ 7   Required:a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): (Round unit cost to 2 decimal places.)   b. Assume that net income using the weighted-average cost flow assumption is $15,300. Calculate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.)

Use the last-in, first-out (LIFO) cost allocation method, with perpetual inventory updating, tocalculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for A75 Company, considering thefollowing transactions.                                                                     Number of units         unit cost Beginning inventory                                           105                           $40 Purchased March 2                                             150                             42 Sold march 21. 31 for 75 dollars spent                88

The accounting records of Larkspur Electronics show the following data. Beginning inventory 3,000 units at $4 Purchases 9,000 units at $8 Sales 9,500 units at $10 Determine cost of goods sold during the period under a periodic inventory system using the average-cost method.

Jeters Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $ 600 12 Purchase 370 6 2,220 23 Purchase 200 7 1,400 30 Inventory 230 Your answer is partially correct. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory 2$ 1580 $ 24 1406.66 Cost of goods sold $ 2640 $ $ 2813.34 eTextbook and Media

What is the Weighted average cost per unit?