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Activities Units Acquired at Cost Units Sold at Retail Date Mar, 1 Beginning inventory e$51.80 Per 140 unat 1unit e$56.80 per Part 3 of 4
Activities Units Acquired at Cost Units Sold at Retail Date Mar, 1 Beginning inventory e$51.80 Per 140 unat 1unit e$56.80 per Part 3 of 4 245 unitsnit Mar. 5 Purchase 300 unite S86.80 per unit Mar. 9 Sales 2.5 points e$61.80 per 105 unitsunit ar.18 Purahase e$63.80 per 190 unitsunit Mar.25 Purchase $96.80 per 170 unitunit Mar.29 Sales 680 units 470 units Totals 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) welghted average, and (a) specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase. Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase. Specific Identification: Goods Purchased Cost of Goods Sold #of units sold Inventory Balance Cost Cost of Goods Sold Cost Cost #of #of units Inventory Balance Date per unit er unit per unit units March 1 140 51.80 IS 51.80 7,252.00 March 5 245 56.80 @ 56.80 March 9 March 18 105 61.80 61.80 190 March 25 63.80 61.80 63.80 March 29 Totals S 0.00 Weighted Average Specific Id
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