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1 nts 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (For specific
1 nts 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (For specific identification, units sold consist of 600 units from beginning inventory, 380 from the February 10 purchase, 120 from the March 13 purchase, 130 from the August 21 purchase, and 205 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Cost of Goods Sold Date of units Cost per unit # of units sold unit Cost per Cost of Goods Sold Inventory Balance Cost per of units unit Inventory Balance: January 11 600 at $60.00 $ 36,000.00 600 at at $60.00= February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21
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