EB6. LO 10.2 Bkistine Company had the following transactions for the month Number of Units Cost per Unit Beginning inventory 380 $30 300 Purchased jun. 1 30.000 Purensed No. 1 800 Toual goodsalable for sale Ending inventory 2 Cakulate the gross margin for the period for each of the following cost allocation methods, using periodic inventory updating. Assume that all wants were sold for $50 each. Provide your cakulations A first in, first out (FIFO) B. last in, first-out (LIFO) C weighted average (AVG) A. Ending inventory Sales COGS (GAFS - Ending inventory) = Gross margin B. Ending inventory Sales COGS (GAFS - Ending inventory) Gross margin C. Ending inventory Sales COGS (GAFS - Ending inventory) Gross bargin EB7. LO 10.2 Prepare journal entries to record the following transactions, assuming periodic inventory updating and first-in, first-out (FIFO) cost allocation. Number of Units Cost per Unit Nov. 19. purchased merchandise for resale 1.200 $6 Nov. 22. purchased merchandise for resale 980 5 Nov. 30, sold merchandise for $10 per unit 850 un B Sales EBS. LO 10.3 Calculate the cost of goods sold dollar value for B65 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 Beginning inventory 100 $66 Purchased 75 Sold SO $120 Sold 125 Ending inventory 105 BO 25 er er er FIFO (perpetual) Inventory ost of Goods Purchase Cost of Goods Sold ist of Inventory Remaini Numb Unit Total Numb Unit Total Numb Unit Total 3 Cost Cost Cost Cost Cost Cost 4 Beginning 15 76 Purchase 17 18 19 Sale 20 21 22 Sale 23 24 25 Total Purchases Total CWUS 26 EB9. LO 10.3 Calculate the cost of goods sold dollar value for B66 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for last-in, first-out (LIFO). Number of Units Unit Cost Sales Beginning inventory 100 566 Purchased 80 25 Sold 50 5120 Sold 25 125 Ending inventory 105 UITIU NUTI er LIFO (perpetual) Inventor ost of Goods Purchase Cost of Goods Sold ist of Inventor Remain NUINID Unit Total Unit Total Unit Total er er 3 Cost Cost Cost Cost Cost Cost Beginning 5 6. Purchase 17 18 19 Sale 20 21 22 Sale 23 24 25 Total Purchases Total COGS 26