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Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Units Sold at Retail Units Acquired
Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Units Sold at Retail Units Acquired at Cost 100 units @ $5100/unit 225 units $56.00/unit Activities Mar. 1 Beginning inventory Mar 5 Purchase Mor9 Sales Mar. 18 Purchase Mar 25 Purchase Mar 29 Sales 260 units $86.00/unit 85 units $6100/unit 150 units $63.00/unit 130 units $96.00/unit Totals 560 units 390 units 7. 3. Compute the cost assigned to ending Inventory using) FIFO (b) weighted average cost and (c) specific identification. For specific identification, the March 9 sale consisted of 65 units from beginning inventory and 195 units from the March 5 purchase the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase (Due to rounding, the sum of Cost of Goods Sold and Ending inventory may not equal the cost of Good available for sales. Round your per unit costs to 3 decimal places and inventory balances to the nearest dollar amount Omit the "S" sign in your response.) Ending Inventory (a) FIFO (b) Weighted average cost (c) Specific identification S O II E
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