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eBook Calculate the cost of goods sold dollar value for A74 Company for the sale...

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Accounting

eBook

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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