EB10. LO 10.3 Calculate the cost of goods sold dollar value for B67 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) Number of Units Unit Cost Sales Beginning inventory Purchased 0 75 Solid 50 $120 Sold 25 125 Ending inventory Arg (perpetual breator Cost of Goods Purchase. Cost of Goods Sold Unit Total Unit Total er Cost Cost Cost Cost Beginning n nU er pst of lateatory Remain nou Unit Total er Cost Cost 15 Purchase 12 18 19 Sale 20 21 22 Sale 23 24 25 Total Purchases 26 27 Total COGS EB11. LO 10.3 Prepare journal entries to record the following transactions, assuming perpetual inventory updating and first-in, first-out (FIFO) cost allocation. Assume no beginning inventory Number of Units 1,200 Nov. 19. purchased merchandise for resale Nov. 22. purchased merchandise for resale Nov. 30. sold merchandise for $10 per unit Unit Cost $6 5 850 EB12. LO 10.3 Prepare journal entries to record the following transactions, assuming perpetual inventory updating and last-in first-out (LIFO) cost allocation. Assume no beginning inventory. Number of Units Unit Cost Mar. 12. purchased merchandise for resale 120 $52 Mar 15 purchased merchandise for resale 180 56 Mar 16, sold merchandise for $95 per unit 90 3 14 15 16 17 18 EB16. LO 10.5 Compute Westtown Company's (A) inventory turnover ratio and (B) number of days' sales in inventory ratio, using the following information. Cost of goods sold Beginning inventory Ending inventory $156,000 14.500 17.500 3 A. Cost of Goods Sold + Average Inventory 0 = Inventory Turnover Ratio 11 12 B. Average Inventory 13 Average Daily Cost of Goods Sold 14 Number of Days' Sales in Inventory Ratio EB17. LO 10.5 Complete the missing pieces of Delgado Company's inventory calculations and ratios. Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Turnover ratio Days sales in inventory $ 25,000 132.000 157.000 27,000 5.0 2 2 4 15 56 17 Beginning Inventory Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Tumover Ratio Days Sales in Inventor