PA9. 10.3 Calculate a) cost of goods sold, b) endinginventory, and c) gross margin for A76 Company,considering the following transactions under three differentcost allocation methods and using perpetual inventoryupdating. Provide calculations for first-in, first-out (FIFO).a anal Accountingp x+eburowner abcocteunccT atructorm.omesourcese oand.oeyeinancia.conccountingpar= Contes OOte pIA t700 of sossLD Pegevie692Chapter 10 InventoryPA9. LO 10.3 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 perpetualinventory updating. Provide calculations for first-in, first-out (FIFO).Number of UnitsUnit CostSalesBeginning inventorySoldPurchasedSoldPurchasedSoldEnding inventory240160520$100$140103400400142110370144230 AutoSaveOffPage LayoutFormulasDataReviewViewHelpFileНomeInsertDraw11-A AWrap TextGeneralCalibriConditien- A == =EE E Merge & Center -$ - % 9 8 8PasteBIUFormattFontAlignmentNumberClipboardC11ABD.EH.KN.FIFO (perpetual) Inventory2.Cost of Goods PurchasedCost of Goods SoldCost of Remaining Inventory3.No. of Units Unit Cost Total CostNo. of Units Unit Cost Total CostNo. of UnitsUnit Cost Total Cost4 Beginning7 Sale8.6.10 Purchase111213 Sale141516 Purchase171819 Sale2021 Total PurchasesTotal COGS2223Gross Margin, FIFO perpetual24 Sales25 - COGS26 = Gross Margin2728PA1PA2PA3PA4PA8PA9Ready|曲 9126.

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PA9. 10.3 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 first-in, first-out (FIFO). A Chapter 10 ventory PA9. EKI 10.3 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 first-in, first-out (FIFO). Unit Cost $100 Number ofr Units Sales Deginning inventory 240 160 S20 400 400 $140 Purchased Sold Purchased Sold Ending inventory 103 142 110 370 230 144

PA9. 10.3 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 first-in, first-out (FIFO). A Chapter 10 ventory PA9. EKI 10.3 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 first-in, first-out (FIFO). Unit Cost $100 Number ofr Units Sales Deginning inventory 240 160 S20 400 400 $140 Purchased Sold Purchased Sold Ending inventory 103 142 110 370 230 144

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 4PB: Calculate the cost of goods sold dollar value for B74 Company for the sale on November 20,...

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