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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
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 last-in, first-out (LIFO). Number of Units Unit Cost Sales Beginning inventory 260 $150 Sold Purchased 160 $190 500 153 Sold 400 192 Purchased 420 160 Sold 370 224 Ending inventory 250 Cost of Goods Purchased LIFO (perpetual) Inventory Cost of Goods Sold Cost of Inventory Remainin Number Number Number D of Units Unit Cost Total Cost of Units Unit Cost Total Cost of Units Unit Cost Beginning Sale Purchase Sale Company, considering the following transactions under three different cost allocation methods and , first-out (LIFO). LIFO (perpetual) Inventory Cost of Goods Sold Cost of Inventory Remaining Number Number Total Cost of Units Unit Cost Total Cost of Units Unit Cost Total Cost Beginning Sale Purchase Sale Purchase Sale Total Purchases Gross Margin, LIFO perpetual Sales COGS Gross Margin 0 0 0 0 0.0 0 0 0 Total COGS 000 Total COGS 0 0 0 0 0 0000 000000000000
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