Number of Units Unit Cost Sales Beginning inventory 900 $50 Purchased 640 52 Sold 400 $100 Sold 350 110 Ending inventory 790 AVG (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Number Number Number of Units Unit Cost Total Cost of Units Unit Cost Total Cost of Units Unit Cost Total Cost Beginning 900 50 45,000 Purchase 640 52 V 33,280 1,540 45.02 X 78,280 Sale 400 45.02 X 18,008 X 1,140 45.02 X 60,040 350 V 45.02 X 15,757 X 790 45.02 X 44,080 Sale 33,280 Total COGS 33,765 X Total Purchases Previous neck My Work 1 more Check My Work uses remaining.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
640
52
Sold
400
$100
Sold
350
110
Ending inventory
790
AVG (perpetual) Inventory
Cost of Goods Purchased
Cost of Goods Sold
Cost of Inventory Remaining
Number
Number
Number
of Units
Unit Cost
Total Cost
of Units
Unit Cost
Total Cost
of Units
Unit Cost
Total Cost
Beginning
900
50 V
45,000
Purchase
640
52
33,280 V
1,540
45.02 X
78,280:
Sale
400
45.02 X
18,008 X
1,140
45.02 X
60,040:
350
45.02 X
15,757 X
790 V
45.02 X
44,080 :
Sale
33,280
Total COGS
33,765 X
Total Purchases
( Previous
Check My Work 1 more Check My Work uses remaining.
10:03 PM
X
3/31/2022
acer
Transcribed Image Text:b google My App Bb Lecture Bb Lecture Bb Chapter Cer X Mail - N Bb Columb * Using w b traslate Traduct + https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?in.. ... 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 640 52 Sold 400 $100 Sold 350 110 Ending inventory 790 AVG (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Number Number Number of Units Unit Cost Total Cost of Units Unit Cost Total Cost of Units Unit Cost Total Cost Beginning 900 50 V 45,000 Purchase 640 52 33,280 V 1,540 45.02 X 78,280: Sale 400 45.02 X 18,008 X 1,140 45.02 X 60,040: 350 45.02 X 15,757 X 790 V 45.02 X 44,080 : Sale 33,280 Total COGS 33,765 X Total Purchases ( Previous Check My Work 1 more Check My Work uses remaining. 10:03 PM X 3/31/2022 acer
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