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Consider the following transactions for A67 Company for the month shown in chronological order: Number of units Unit Cost Sales Beginning inventory 800 $50 Purchased

Consider the following transactions for A67 Company for the month shown in chronological order:

Number of units Unit Cost Sales
Beginning inventory 800 $50
Purchased 600 $52
Sold 400 $80
Sold 350 $90
Ending inventory 650

In the table below, calculate the dollar value for the period for each of the following items using the listed cost allocation methods and using perpetual inventory updating.

PLEASE NOTE: All dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345), except for the Weighted Average cost per unit, which will be rounded to two decimal places and include "$".

Weighted average cost per unit =_______________ per unit.

Cost allocation method Cost of goods available Cost of goods sold Ending inventory Sales
First-in, First-out (FIFO)
Last-in, First-out (LIFO)
Weighted average (AVG)

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