anchalgupta 10 FMGT 1115 Section WO7 Summer 2020 Homework: Chapter 6 Homework HW Score: 48 6 of 6(5 complete) Score: 1.59 of 3 pts -X Record Jan 1 Beginning inventory 14 units 5176 8 Purchase 7 units at $186 15 Purchase 13 units at $190 26 Purchase 5 units at $210 Exercise 6-11 (similar to) Rated Electricals inventory records for Industrial switches indicate the following at January 31, 2020 (Click the icon to view the inventory record.) The physical count of inventory at January 31, 2020, indicates that six units remain in ending inventory, and the company owns them Required Computo ending inventory and cost of goods sold using each of the following methods, assuming a periodic Inventory system is used 1. Specific unit cost, assuming three 5186 units and three $190 units are on hand on January 31, 2020 Weighted average cost Fistin, first out (FFO) Requirement 2. Compute ending Inventory and cost of goods sold using weighted average cost Compute ending inventory and cost of goods sold using the weighted average-cost method (Round your answers to two decimal places Average cost Total ending inventory Cost of goods sold Cost of goods available for sale Less: Total ending inventory Cost of goods sold Print Done