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Calculate the cost of goods sold dollar value for A67 Company for the month, considering the following transactions under three different cost allocation methods
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). Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount. Number of Units Unit Cost Sales Beginning inventory 810 $50 Purchased 610 52 Sold 400 $100 Sold 350 110 Ending inventory 670 AVG (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Number of Units Unit Cost Total Cost Number of Units Number Unit Cost Total Cost of Units Unit Cost Total Cost Beginning 810 50 40,500 Purchase 610 52 V 31,720 1,410 x 50.86 72,220 X Sale 400 50.86 20,344 1,020 50.86 51,876 X Sale 350 50.86 17,801 670 50.86 34,075 X Total Purchases 31,720 Total COGS 38,145
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