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 830 $70 Purchased 630 72 Sold 400 $80 Sold 350 90 Ending inventory 710
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 830 $70 Purchased 630 72 Sold 400 $80 Sold 350 90 Ending inventory 710
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 | 830 | $70 | |
| Purchased | 630 | 72 | |
| Sold | 400 | $80 | |
| Sold | 350 | 90 | |
| Ending inventory | 710 |
Transcribed Image Text: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
830
$70
Purchased
630
72
Sold
400
$80
Sold
350
90
Ending inventory
710
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
Purchase
Sale
Sale
Total Purchases
Total COGS
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