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...


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Calculate the cost of goods sold dollar value for A65 Company for the month, considering the following transactions under three different cost allocation<br>methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO).<br>Number<br>of Units<br>Unit Cost Sales<br>Beginning inventory<br>900<br>$50<br>Purchased<br>700<br>52<br>Sold<br>390<br>$80<br>Sold<br>350<br>94<br>Ending inventory<br>860<br>FIFO (perpetual) Inventory<br>Cost of Goods Purchased<br>Cost of Goods Sold<br>Cost of Inventory Remaining<br>Number<br>Number<br>Number<br>of Units<br>Unit Cost<br>Total Cost<br>of units<br>Unit Cost<br>Total Cost<br>of units<br>Unit Cost<br>Total C<br>Beginning<br>900<br>50<br>Purchase<br>900<br>50<br>45,000<br>900<br>50<br>Sale<br>390<br>50<br>Sale<br>350<br>50<br>

Extracted text: 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 900 $50 Purchased 700 52 Sold 390 $80 Sold 350 94 Ending inventory 860 FIFO (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 C Beginning 900 50 Purchase 900 50 45,000 900 50 Sale 390 50 Sale 350 50

Jun 11, 2022
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