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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

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	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

te the cost of goods sold dollar value for A67 Company for the month, considering the following transactions under three different cost
on methods and using perpetual inventory updating. Provide calculations for weighted average (AVG). Round your intermediate
tions to 2 decimal places and final answers to the nearest dollar amount.
Number
of Units
Unit Cost
Sales
ng inventory
900
$50
sed
600
52
400
$100
350
110
inventory
750
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
ng
900
50
45,000
se
600
52 V
31,200
400
350
750
Total Purchases
31,200
Total COGS

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