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eBook Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost
eBook Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG). Round "Unit Cost" answers to 2 decimal places and other answers to the nearest dollar amount. Number of Units Unit Cost Sales Beginning Inventory 260 $140 Sold 160 $180 Purchased 500 143 Sold 400 182 Purchased 400 150 Sold 370 214 Ending Inventory 230 AVG (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold #units Unit Cost Total Cost #units Unit Cost Total Cost #units Cost of Inventory R Unit Cost Beginning 260 V 140 Sale 160 140 22,400 100 140 Purchase 500 143 71,500 600 142.5 Sale 400 142.50 57,000 200 142.5 Purchase 400 182 X 72,800 X 600 168.8 Sale 370 168.8 X 62,456 X 230 168.8 Total Purchases 144,300 x Total COGS 119,456 X Check My Work 2 more Check My Work uses remaining Previous Next SUU 143 400 182 400 150 370 214 230 Cost of Goods Purchased AVG (perpetual) Inventory Cost of Goods Sold Cost of Inventory Remaining Unit Cost Total Cost #units Unit Cost Total Cost #units Unit Cost Total Cost 260 140 36,400 160 140 22,400 V 100 140 14,000 143 V 71,500 600 142.5 85,500 400 142.50 57,000 200 142.5 28,500 182 X 72,800 x 600 168.8 X 101,300 X 370 168.8 X 62,456 X 230 V 168.8 X 38,824 X 144,300 X Total COGS 119,456 X I Total Purchases perpetual 180,780 119,456 X 61,324 X 300 195 Sold Purchased 400 182 400 150 Sold 370 214 Ending Inventory 230 Cost of Goods Purchased AVG (perpetual) Inventory Cost of Goods Sold #units Unit Cost Total Cost #units Unit Cost Total Cost #units Cost of Inventory Unit Com Beginning 260 14 Sale 160 140 V 22,400 100 14 Purchase 500 143 V 71,500 600 142. Sale 400 142.50 57,000 200 142. Purchase 400 182 X 72,800 x 600 168. Sale 370 168.8 X 62,456 X 230 V 168. Total Purchases 144,300 X Total COGS 119,456 X I Gross Margin, AVG perpetual Sales 180,780 COGS 119,456 X Gross Margin 61,324 X
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