Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount. Number Unit of Units Cost Beginning inventory Mar. 1 130 $85 Purchased Mar. 8 120 87 Sold Mar. 11 for $150 per unit 95 Cost of Goods Sold A. First-in, First-out (FIFO) B. Last-in, First-out (LIFO) C. Weighted Average (AVG)

Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount. Number Unit of Units Cost Beginning inventory Mar. 1 130 $85 Purchased Mar. 8 120 87 Sold Mar. 11 for $150 per unit 95 Cost of Goods Sold A. First-in, First-out (FIFO) B. Last-in, First-out (LIFO) C. Weighted Average (AVG)

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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Give me correct answer with explanation.vi
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