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Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transaction Actoitiesazm Date Jan Feb. 1 Mar.1 Mar. 1 Aug.
Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transaction Actoitiesazm Date Jan Feb. 1 Mar.1 Mar. 1 Aug. 12 Sept Sept 1 Units Acquired at Cost Units Sold at Retail s50 per unt $32 per unit $55 per unit inning inventory t$44 per unit 70 $80 per unit $51 perunt. 73 @ $80 per unit Totals 1,93 1.435 Required 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Number of units ava able for sale s avalable for sale units 2. Compute the number of units in ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 700 units from beginning inventory, 250 from the February 10 purchase, 150 from the March 13 purchase, 140 from the August 21 purchase, and 195 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Complete this question by entering your answers in the tabs below eiged Compute the cot assignad to ending inventory uning FIFO. (Round your average cost per unit to 2 decimal places.) Cost per of unts Cost pe Cest of Goods Soleof unts
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