Numberof UnitsUnit CostSalesBeginning Inventory240$100Sold160$140Purchased500103Sold400142Purchased420110Sold370174Ending Inventory230Cost ofGoods SoldFIFO$113,360LIFO97,900AVG96,915Compare the...





















































Number
of Units



Unit Cost



Sales
Beginning Inventory240$100
Sold160$140
Purchased500103
Sold400142
Purchased420110
Sold370174
Ending Inventory230

























Cost of
Goods Sold
FIFO$113,360
LIFO97,900
AVG96,915





Compare the calculations for gross margin for A76 Company, based on the results of the perpetual inventory calculations using FIFO, LIFO, and AVG.Round intermediate calculation to 2 decimal places and final answer to nearest whole dollar.

































Comparison of FIFO, LIFO, AVG; Perpetual

FIFO

LIFO

AVG
Sales Revenue$



$



$



Cost of Goods Sold











Gross Margin$



$



$









Nov 09, 2022
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