Calculate the cost of goods sold dollar value for A65 Company for the month,considering the following transactions under three different cost allocationmethods and using perpetual inventory updating.Provide calculations for first-in, first-out (FIFO). Use the worksheet with thePurpletab to put your answer.Provide calculations for last-in, first-out (LIFO). Use the worksheet with theGreentab to put your answer.Numberof UnitsUnitCostSalesBeginning inventory80050Purchased60052Sold40080Sold35090Endi

Two Ways to do Labor Cost Allocation

Cost Structure

Direct Method of Cost Allocation: Process, Pros & Cons

What is Inventory Allocation & How to Allocate Inventory Efficiently

What Is Asset Allocation, and Why Is It Important?