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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
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 Sales BDD S60 Beginning inventory Purchased 600 62 Sold 400 $80 $ Sald 350 92 Ending inventory 650 FIFO (perpetual) Inventory Cost of Goods Sold Cost of Goods Purchased Cost of Inventory Remaining Number of Units Number of units Number of units Unit Cost Total Cost Unit Cost Total Cost Unit Cost Total Cost Beginning Purchase Accounting numeric field Sale Sale Total Purchases Total COGS
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