eBook Calculate the cost of goods sold dollar value for A74 Company for the sale...
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Accounting
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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. Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.
Number of Units
Unit Cost
Beginning inventory Mar. 1
125
$85
Purchased Mar. 8
125
87
Sold Mar. 11 for $140 per unit
100
Cost of Goods Sold
A. First-in, First-out (FIFO)
$fill in the blank 1
B. Last-in, First-out (LIFO)
$fill in the blank 2
C. Weighted Average (AVG)
$fill in the blank 3
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