Date of purchase Units purchased Find the cost of goods sold if sales total $78,857 for the inventory table shown below. Cost per Retail price Total retail Total unit cost per unit value Beginning inventory 41 $860 $35,260 $985 $40,385 February 5 20 $1,770 $35,400 $2,105 $42,100 February 19 17 $975 $16,575 $2,016 $34,272 March 3 27 $490 $13,230 $590 $15,930 Goods available for 105 $100,465 $132,687 sale Units sold 83 Ending inventory 22 (Round to the nearest cent as needed.)

Date of purchase Units purchased Find the cost of goods sold if sales total $78,857 for the inventory table shown below. Cost per Retail price Total retail Total unit cost per unit value Beginning inventory 41 $860 $35,260 $985 $40,385 February 5 20 $1,770 $35,400 $2,105 $42,100 February 19 17 $975 $16,575 $2,016 $34,272 March 3 27 $490 $13,230 $590 $15,930 Goods available for 105 $100,465 $132,687 sale Units sold 83 Ending inventory 22 (Round to the nearest cent as needed.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 4PA: Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering...

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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. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average (AVG).
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