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 $60 Purchased 500 62 Sold 370 $84 Sold 350 90 Ending inventory 580 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 Cost Beginning Purchase Sale Sale Total Purchases Total COGS
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 $60 Purchased 500 62 Sold 370 $84 Sold 350 90 Ending inventory 580 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 Cost Beginning Purchase Sale Sale Total Purchases Total COGS
Chapter1: Financial Statements And Business Decisions
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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 methods and using perpetual inventory updating. Provide calculations for first-in, first-out
(FIFO).
Number
of Units
Unit Cost Sales
Beginning inventory
800
$60
Purchased
500
62
Sold
370
$84
Sold
350
90
Ending inventory
580
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 Cost
Beginning
Purchase
Sale
Sale
Total Purchases
Total COGS
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