PA3. 10.2 Trini Company had the following transactions for the month. Number of Units Cost per Unit Total Beginning inventory Purchased May 31 Purchased Jul. 15 Purchased Nov. 1 Totals (goods available) Ending inventory 1,050 1,020 1,300 1,200 4,570 900 $ 23,100 23,460 33,800 32,400 112,760 $22 23 26 27 ? Calculate the cost of goods sold dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)

PA3. 10.2 Trini Company had the following transactions for the month. Number of Units Cost per Unit Total Beginning inventory Purchased May 31 Purchased Jul. 15 Purchased Nov. 1 Totals (goods available) Ending inventory 1,050 1,020 1,300 1,200 4,570 900 $ 23,100 23,460 33,800 32,400 112,760 $22 23 26 27 ? Calculate the cost of goods sold dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)

Name: PA3. 10.2 Trini Company had the following transactions for the month.
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Description: PA3. 10.2 Trini Company had the following transactions for the month.Number of UnitsCost per UnitTotalBeginning inventoryPurchased May 31Purchased Jul. 15Purchased Nov. 11,0501,0201,3001,2004,570900$ 23,10023,46033,80032,400112,760$22232627Totals (g

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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