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Answer this asap, I'll give you 5 stars and an upvote too please 1 EA8. LO 10.3 Calculate the cost of goods sold dollar value
Answer this asap, I'll give you 5 stars and an upvote too please
1 EA8. LO 10.3 Calculate the cost of goods sold dollar value for A65 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). Number of Units Unit Cost Jan. 2. purchased merchandise for resale 300 $21 Jan. 12, purchased merchandise for resale 200 24 Jan. 16, sold merchandise for $40 per unit 220 Solution FIFO (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Number Unit Total Number Unit Total Number Unit of Cost Cost of Cost Cost of Units Units Units Total Cost Cost Beginning EA9. LO 10.3 Calculate the cost of goods sold dollar value for A66 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for last-in, first- out (LIFO). Jan. 2, purchased merchandise for resale jan. 12. purchased merchandise for resale Jan. 16, sold merchandise for $40 per unit Number of Units 300 200 220 Unit Cost $21 24 Solution LIFO (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Number Unit Total Number Unit Total Number of Unit of Units Cost Cost of Cost Cost Cost Units Total Units Cost Beginning Purchase EA10. LO 10.3 Calculate the cost of goods sold dollar value for A67 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG). Jan. 2. purchased merchandise for resale Jan. 12. purchased merchandise for resale Jan. 16, sold merchandise for $40 per unit Number of Units 300 200 220 Unit Cost $21 24 Solution AVG (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Number Unit Total Number Unit Total Number of Unit of Units Cost Cost of Cost Cost Units Cost Units Total Cost Beginning Purchase Sale Sale Total Purchases $ Total COGSStep by Step Solution
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