Hello there, Thank you for your help! I need the following info using the templates attached please. Calculate the cost of goods sold dollar value for B65 Company for the month, considering thefollowing transactions under three different cost allocation methods and using perpetualinventory updating. Provide calculations for first-in, first-out (FIFO) and the calculations for lastin, first out (LIFO) (Templates Provided)Number of UnitsUnit CostSales100$66Beginning inventoryPurchased8075Sold50$120Sold25125Ending inventory105 FIFO (perpetual) InventoryCost of GoodsCost of InventoryPurchasedCost of Goods SoldRemainingUnitNumber UnitTotalNumberUnitTotalNumberTotalof UnitsCostCostof UnitsCostCostof UnitsCostCostBeginningPurchaseSaleSaleTotal PurchasesTotal COGSLIFO (perpetual) InventoryCost of InventoryRemainingUnitCost of Goods PurchasedCost of Goods SoldNumberUnitTotalNumberUnitTotalNumberTotalof UnitsCostCostof UnitsCostCostof UnitsCostCostBeginningPurchaseSaleSaleTotal PurchasesTotal COGS

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Calculate the cost of goods sold dollar value for B65 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) and the calculations for last in, first out (LIFO) (Templates Provided) Number of Units Unit Cost Sales Beginning inventory Purchased Sold Sold 100 80 50 25 $66 75 $120 125 Ending inventory 105

Calculate the cost of goods sold dollar value for B65 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) and the calculations for last in, first out (LIFO) (Templates Provided) Number of Units Unit Cost Sales Beginning inventory Purchased Sold Sold 100 80 50 25 $66 75 $120 125 Ending inventory 105

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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