Question Content AreaTrini Company had the following transactions for the month.BeginninginventoryPurchased May31Purchased Jul. 15Purchased Nov. 1Totals (Goodsavailable)Numberof Units1,060 $221,0201,3301,2204,630CostperUnitA. First-in, First-out (FIFO)B. Last-in, First-out (LIFO)C. Weighted Average(AVG)232627?Total$23,32023,46034,58032,940Ending inventory 950Calculate the cost of goods sold dollar value for the period for each of the following cost allocationmethods, using periodic inventory updating. Round your intermediate calculations to 2 decimal placesand final answers to the nearest dollar amount.114,300Cost of GoodsSold$fill in the blank 1$fill in the blank 2$fill in the blank 3

Name: Question Content AreaTrini Company had the following transactions for
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Description: Question Content AreaTrini Company had the following transactions for the month.BeginninginventoryPurchased May31Purchased Jul. 15Purchased Nov. 1Totals (Goodsavailable)Numberof Units1,060 $221,0201,3301,2204,630CostperUnitA. First-in, First-out (FI

Calculation of Cost of good sold using FIFO Method : No. of units Unit cost Total Beginning…

Answered: ning tory ased May ased Jul. 15 ased…

Business

Accounting

ning tory ased May ased Jul. 15 ased Nov. 1 (Goods Number of Units 1,060 $22 1,020 1,330 1,220 Cost per Unit 1.630 23 26 27 Total $23,320 23,460 34,580 32,940 114 300

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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