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Can you please help me find the cost of goods sold and cost ending inventory for FIFA, LIFO, weighted average and specific identification. Specific Identification,
Can you please help me find the cost of goods sold and cost ending inventory for FIFA, LIFO, weighted average and specific identification.
Specific Identification, FIFO, LIFO, and Weighted-Average Swing Company's beginning inventory and purchases during the fiscal year ended September 30, 20-2, were as follows: Units Unit Price Total Cost October 1, 20-1 October 18 November 25 January 12, 20-2 March 17 June 2 August 21 September 27 Beginning inventory 1st purchase 2nd purchase 3rd purchase 4th purchase 5th purchase 6th purchase 7th purchase 500 190 320 870 840 200 680 4,020 420$20.5 $8,610 10,500 4,180 7,360 20,880 20,580 5,100 18,020 $95,230 21 23 24.5 25.5 26.5 Use the following information for the specific identification method There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units: 100 are from October 18, 20-1 1st purchase 200 are from January 12, 20-2 3rd purchase 100 are from March 17 400 are from June 2 200 are from August 21 300 are from September 27 4th purchase 5th purchase 6th purchase 7th purchaseStep by Step Solution
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