Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76...
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Accounting
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).
Note: For negative amounts, input value beginning with a minus sign.
Number of Units
Unit Cost
Sales
Beginning Inventory
240
$150
Sold
160
$190
Purchased
520
153
Sold
400
192
Purchased
410
160
Sold
370
194
Ending Inventory
240
Gross Margin, FIFO perpetual Sales $ COGS Gross Margin $ FIFO (perpetual) Inventory Cost of Goods Sold Cost of Goods Purchased Cost of Inventory Remaining Number of Units Number of Units Number of Units Unit Cost Total Cost Unit Cost Total Cost Unit Cost Total Cost Beginning Sale Purchase Sale I 11 inch Purchase III II II Sale O Total Purchases Total COGS
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