Trini Company had the following transactions for the month

Trini Company had the following transactions for the month. Number of Units Cost per Unit Total Beginning inventory 1,080 $22 $23,760 Purchased May 31 1,030 23 23,690 Purchased Jul. 15 1,320 26 34,320 Purchased Nov. 1 1,200 27 32,400 Totals (Goods available) 4,630 114,170 Ending inventory 910 ? Calculate the cost of goods sold dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount. 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 Transcribed Image Text: Trini Company had the following transactions for the month.
Number
Cost
of Units per Unit
Total
Beginning inventory
1,080
$22
$23,760
Purchased May 31
1,030
23
23,690
Purchased Jul. 15
1,320
26
34,320
Purchased Nov. 1
1,200
27
32,400
Totals (Goods available)
4,630
114,170
Ending inventory
910
?
Calculate the cost of goods sold dollar value for the period for each of the following
cost allocation methods, using periodic inventory updating. Round your
intermediate calculations to 2 decimal places and final answers to the
nearest dollar amount.
Cost of Goods Sold
A. First-in, First-out (FIFO)
B. Last-in, First-out (LIFO)
$4
C. Weighted Average (AVG)
%24

-25-


Buy plagiarism free, original and professional custom paper online now at a cheaper price. Submit your order proudly with us



Essay Hope