Question

Calculate the cost of goods sold dollar value for A67 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). Round your Intermediate calculations to 2 decima places and final answers to the nearest dollar amount. Number of Units Unit Cost Sales 810 $60 Beginning inventory Purchased 610 62 Sold 400 $80 Sold 350 90 Ending Inventory 670 AVG (perpetual) Inventory Cost of Goods Sold Cost of Goods Purchased Cost of Inventory Remaining Number of Units Unit Cost Total Cost Number of Units Unit Cost Total Cost Number of Units Unit Cost Total Cost Beginning Purchase 610 62 37,820 Sale DIO 400 Sale 350 Total Purchases 37,820 Total COGS

Answer 1

* calculate the cost of Good sold AVG (pespetual) Inventory cost of Goods purchased Ost of Good sold NO cost of iny Remains NO lunit TOTOY NO of 야 unit TOTO of unit TOTOY cost cost units cost lor lunits cost Units cost cost Beginning Purchase $ 62 137820 sale 400 810 $60 48600 11420 60.8686420 124344 1020 60.86 62076 21 301 670 60.86 40,775 45645 60.86 160.86 sale 350 Toral purchases 37,820 TOTCH COGS = Explanation D TOTCH units 610+ 810 = 1420 2) TOTCH Gloods available 610X $ 62) + (810X is 60) is 378207 48 600 $ 86,420 3 AVG cost pes unit: 5 8 6420 - 1420 60.8591 60.86