4 Calculate the cost of goods sold dollar value for A65 Company for the month using the first in first out method. (FIFO) Provide the calculations. A spreadsheet works best. See example for LIFO. Number of Units Unit Cost Sales $50 800 600 400 350 Beginning inventory Purchased S80 90 Sold Sold Ending inventory 650

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 9EA: Calculate the cost of goods sold dollar value for A66 Company for the month, considering the...
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4 Calculate the cost of goods sold dollar value for A65 Company for the month using the first in fırst out method. (FIFO) Provide the calculations. A spreadsheet works best. See example
for LIFO.
Number of Units
Unit Cost
Sales
Beginning inventory
Purchased
800
600
$50
52
$80
90
400
Sold
Sold
Ending inventory
650
Transcribed Image Text:4 Calculate the cost of goods sold dollar value for A65 Company for the month using the first in fırst out method. (FIFO) Provide the calculations. A spreadsheet works best. See example for LIFO. Number of Units Unit Cost Sales Beginning inventory Purchased 800 600 $50 52 $80 90 400 Sold Sold Ending inventory 650
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