PA9. 10.3 Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO). A Chapter 10 ventory PA9. EKI 10.3 Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company. considering the following transactions under three different cost allocation methods and using perpetual Inventory updating. Provide calculations for first-in, first-out (FIFO). Unit Cost $100 Number ofr Units Sales Deginning inventory 240 160 S20 400 400 $140 Purchased Sold Purchased Sold Ending inventory 103 142 110 370 230 144
PA9. 10.3 Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO). A Chapter 10 ventory PA9. EKI 10.3 Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company. considering the following transactions under three different cost allocation methods and using perpetual Inventory updating. Provide calculations for first-in, first-out (FIFO). Unit Cost $100 Number ofr Units Sales Deginning inventory 240 160 S20 400 400 $140 Purchased Sold Purchased Sold Ending inventory 103 142 110 370 230 144
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![PA9. 10.3 Calculate a) cost of goods sold, b) ending
inventory, and c) gross margin for A76 Company,
considering the following transactions under three different
cost allocation methods and using perpetual inventory
updating. Provide calculations for first-in, first-out (FIFO).
a anal Accountingp x+
eburowner abcocteunccT atructorm.omesourcese oand.oeyeinancia.conccountingpar
= Contes O
Ote p
IA t
700 of soss
LD Pegevie
692
Chapter 10 Inventory
PA9. LO 10.3 Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,
considering the following transactions under three different cost allocation methods and using perpetual
inventory updating. Provide calculations for first-in, first-out (FIFO).
Number of Units
Unit Cost
Sales
Beginning inventory
Sold
Purchased
Sold
Purchased
Sold
Ending inventory
240
160
520
$100
$140
103
400
400
142
110
370
144
230](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F03295ffb-d99d-4c46-ae76-671882c8b485%2Fe380ea2f-0e68-42fc-bd03-2e1c545239fb%2Fyp4soxg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PA9. 10.3 Calculate a) cost of goods sold, b) ending
inventory, and c) gross margin for A76 Company,
considering the following transactions under three different
cost allocation methods and using perpetual inventory
updating. Provide calculations for first-in, first-out (FIFO).
a anal Accountingp x+
eburowner abcocteunccT atructorm.omesourcese oand.oeyeinancia.conccountingpar
= Contes O
Ote p
IA t
700 of soss
LD Pegevie
692
Chapter 10 Inventory
PA9. LO 10.3 Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,
considering the following transactions under three different cost allocation methods and using perpetual
inventory updating. Provide calculations for first-in, first-out (FIFO).
Number of Units
Unit Cost
Sales
Beginning inventory
Sold
Purchased
Sold
Purchased
Sold
Ending inventory
240
160
520
$100
$140
103
400
400
142
110
370
144
230
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A
B
D.
E
H.
K
N.
FIFO (perpetual) Inventory
2.
Cost of Goods Purchased
Cost of Goods Sold
Cost of Remaining Inventory
3.
No. of Units Unit Cost Total Cost
No. of Units Unit Cost Total Cost
No. of UnitsUnit Cost Total Cost
4 Beginning
7 Sale
8.
6.
10 Purchase
11
12
13 Sale
14
15
16 Purchase
17
18
19 Sale
20
21 Total Purchases
Total COGS
22
23
Gross Margin, FIFO perpetual
24 Sales
25 - COGS
26 = Gross Margin
27
28
PA1
PA2
PA3
PA4
PA8
PA9
Ready
|曲 9
12
6.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F03295ffb-d99d-4c46-ae76-671882c8b485%2Fe380ea2f-0e68-42fc-bd03-2e1c545239fb%2F5swing_processed.jpeg&w=3840&q=75)
Transcribed Image Text:AutoSave
Off
Page Layout
Formulas
Data
Review
View
Help
File
Нome
Insert
Draw
11
-A A
Wrap Text
General
Calibri
Conditi
en- A == =EE E Merge & Center -
$ - % 9 8 8
Paste
BIU
Formatt
Font
Alignment
Number
Clipboard
C11
A
B
D.
E
H.
K
N.
FIFO (perpetual) Inventory
2.
Cost of Goods Purchased
Cost of Goods Sold
Cost of Remaining Inventory
3.
No. of Units Unit Cost Total Cost
No. of Units Unit Cost Total Cost
No. of UnitsUnit Cost Total Cost
4 Beginning
7 Sale
8.
6.
10 Purchase
11
12
13 Sale
14
15
16 Purchase
17
18
19 Sale
20
21 Total Purchases
Total COGS
22
23
Gross Margin, FIFO perpetual
24 Sales
25 - COGS
26 = Gross Margin
27
28
PA1
PA2
PA3
PA4
PA8
PA9
Ready
|曲 9
12
6.
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