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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.
Perpetual FIFO Perpetual LIFO
tabletableWeightedAveragetableSpecificIdentification
Compute the cost assigned to ending inventory using FIFO.
Note: Round your average cost per unit to decimal places.
tablePerpetual FIFO:DateGoods Purchased,Cost of Goods Sold,Inventory Balance# of units,tableCostperunittable# of unitssoldtableCostperunittableCost of GoodsSold# of units,tableCostperunit$
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