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Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost
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). Note: For negative amounts, input value beginning with a minus sign Number of Units Unit Cost Sales Beginning Inventory 240 $120 Sold 160 $160 Purchased 510 123 Sold 400 162 Purchased 400 130 Sold 370 164 Ending Inventory 220 Cost of Goods Purchased FIFO (perpetual) Inventory Cost of Goods Sold Number Cost of Inventory F Number Number of Units Unit Cost Total Cost of Units Unit Cost Total Cost of Units Unit Cost Beginning Sale Purchase Sale Check My Work Next >
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