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Compute the cost assigned to ending inventory using ( a ) FIFO, ( b ) LIFO, ( c ) weighted average, and ( d )
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 units from beginning inventory, from the February purchase, from the March purchase, from the August purchase, and from the September purchase.
Complete this question by entering your answers in the tabs below.
tablePerpetual FIFO Perpetual LIFO,tableWeightedAveragetableSpecificIdentification
Compute the cost assigned to ending inventory using FIFO.
Note: Round your average cost per unit to decimal places.
tablePerpetual FIFO:January Goods Purchased,Cost of Goods Sold,Inventory Balance# of units,tableCost perunittable# of unitssoldtabletableCost perunitCost of Goods Sold,# of units,tabletableCost perunit$
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