Calculate cost of goods available for sale. Notice the units available for sale are already totaled.

Activities	Units Acquired at Cost	=
Beginning inventory	600 units @ $45.00	=
Feb. 10	400 units @ $42.00	==
Mar. 13	200 units @ $27.00	=
Aug. 21	100 units @ $50.00	=
Sept. 5	500 units @ $46.00	=
Total Goods Available For Sale	1,800 units

2. Units in ending inventory:

Units available
Less: Units sold
Ending Inventory (units)

Problem 5-4A

3.

Periodic Inventory

a. FIFO

Cost of goods available for sale (from part 1)

Ending Inventory:

Cost of Goods Sold

Periodic Inventory

b. LIFO

Cost of goods available for sale (from part 1)

Ending Inventory:

Cost of Goods Sold

Periodic Inventory

c. Weighted average

Calculate weighted average cost per unit:

Cost of goods available for sale

Ending Inventory:

Cost of Goods Sold

d. Specific identification

Cost of goods available for sale (from part 1)

Cost of Goods Sold

Ending Inventory:

4.

		FIFO	LIFO	Specific Identifi-cation	Weighted Average
Sales
Less: Cost of goods sold
Gross profit

5.