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1. Compute the cost assigned to ending inventory using FIFO. 2. Compute the cost assigned to ending inventory using LIFO. 3. Compute the cost assigned
1. Compute the cost assigned to ending inventory using FIFO. 2. Compute the cost assigned to ending inventory using LIFO. 3. Compute the cost assigned to ending inventory using Weighted Average. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost assigned to ending inventory using FIFO. Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Date # of units Cost per unit Cost of Goods Available for # of units sold Cost per unit Cost of Goods Sold # of units in ending Cost per unit Ending Inventory Sale inventory March 1 100 $ 50.00 $ 5,000 100 $ 50.00 $ 5,000 $ 0.00 $ 0 March 5 400 55.00 22,000 400 55.00 22,000 $ 0.00 0 March 18 120 $ 60.00 7,200 0 0 March 25 200 EA $ 62.00 12,400 0 0 Total 820 $ 46,600 500 $ 27,000 0 1. Compute the cost assigned to ending inventory using FIFO. 2. Compute the cost assigned to ending inventory using LIFO. 3. Compute the cost assigned to ending inventory using Weighted Average. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost assigned to ending inventory using LIFO. Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units in Date # of units Cost per unit Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold ending inventory Cost per unit Ending Inventory Ending Inventory March 1 100 $ March 5 400 $ SASA 50.00 $ 5,000 55.00 22,000 March 18 120 $ 60.00 March 25 200 $ 62.00 7,200 12,400 Total 820 $ 46,600 0 0 1. Compute the cost assigned to ending inventory using FIFO. 2. Compute the cost assigned to ending inventory using LIFO. 3. Compute the cost assigned to ending inventory using Weighted Average. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost assigned to ending inventory using Weighted Average. (Round average cost per unit to 2 decimal places.) Average Cost Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Date # of units Average Cost per unit Cost of Goods # of units Available for sold Sale Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory March 1 100 $ 5,000.00 March 5 400 $ 22,000.00 March 18 120 $ 7,200.00 March 25 200 $ 12,400.00 Total 820 $ 46,600.00 0 $ 0 Required 2 Required 3 >
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