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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 900 $50 Beginning inventory Purchased 600 52 Sold 400 saz Sold 350 90 Ending inventory 750 Cost of Goods Purchased FIFO (perpetual) Inventory Cost of Goods Sold Number of units Unit Cost Total Cost Number of Units Cost of Inventory Remaining Number of units Unit Cost Total Cost Unit Cost Total Cost Beginning Purchase Sale Sale Total Purchases Total COGS
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