PA3. LO 10.2 Trini Company had the following transactions for the month. Number of Units...
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PA3. LO 10.2 Trini Company had the following transactions for the month. Number of Units Cost per Unit Beginning inventory 1,050 $22 Purchased May 31 1,020 23 Purchased Jul. 15 1,300 26 Purchased Nov. 1 1,200 27 Totals (goods available for sale) 4,570 Ending inventory 900 ? Total $ 23,100 23,460 33,800 32,400 112,760 Calculate the cost of goods sold dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
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