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3. Compute the cost assigned to ending inventory using (a) FIFO. (D) LIFO. ( weighted average, and (c) specific identification. For specific identification, units sold

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3. Compute the cost assigned to ending inventory using (a) FIFO. (D) LIFO. ( weighted average, and (c) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 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 specific identification. For specific identification, units sold consist of 600 units from begir Anventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the Septembe purchase. (Round your average cost per unit to 2 decimal places.) Specific identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units of units sold Cost per Cost of Goods unit Available for Sale $ 45,00 $ 27.000 Cost of Goods Sold unit # of units in ending inventory Cost per unit Ending Inventory 600 0 $ 45.00 $ 0 Beginning inventory Purchases Feb 10 March 13 300 $ 42.00 400 $ 4200 200 $ 27.00 ann 16.800 5.400 inn 12.600 0 100$ 4200 $ 27.00 4200 0 n 1 of 2 Next > Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 600 units inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the purchase. (Round your average cost per unit to 2 decimal places.) Ending Inventory Cost per unit Cost per #of units in ending inventory Cost per unit Ending Inventory Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of units Cost of # of units Available sold unit Goods for Sale Sold Beginning inventory 600 $ 4500 $ 27.000 0 Purchases Feb 10 400 $ 42.00 16.800 300 $ 42.00 12.600 March 13 200 $ 27.00 5.400 0 Aug 21 100 $ 50.00 5.000 0 Sep 5 500 S 4600 23.000 0 1.800 S 77 200 300 $ 12 600 $ 45.00 $ 0 4.200 0 100 $ 42.00 $ 27.00 $ 50.00 $ 46.00 100 Total 0 0 $ 4.200 46.00 23,000 $ 46.00 Sep 5 Total bUU 1.800 $ 77,200 300 $ 12,600 100 ( Weighted Average Specific 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cos places.) FIFO LIFO Weighted Average Specific Identification Sales Loss Cost of goods sold Gross profit $ 0 $ OS 0 $ 0

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