PA4. 10.3 Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average (AVG) Number of Units Unit Cost Beginning inventory Mar. 1 Purchased Mar. 8 110 $87 140 89 Sold Mar. 11 for $120 per unit 95

PA4. 10.3 Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average (AVG) Number of Units Unit Cost Beginning inventory Mar. 1 Purchased Mar. 8 110 $87 140 89 Sold Mar. 11 for $120 per unit 95

Name: A. First In, First OutNumber of UnitsDollar Per Unit ValueTotal Value
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Description: A. First In, First OutNumber of UnitsDollar Per Unit ValueTotal ValueCost of Goods Sold.....B. Last In, First OutNumber of UnitsDollar Per Unit ValueTotal ValueCost of Goods Sold......C. Weighted AverageNumber of UnitsDollar Per Unit ValueTotal Valu

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 17GI

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