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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 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase.
I can't figure out part D and more specifically the transactions that would take place for September 10th.
Aug 21 100 @ $50.00 200 @ 2001 @ 100 @ $ 42.00| = $ $ 27.00 = $50.00 = $ 8,400.00 5,400.00 5,000.00 18,800.00 12 Sep 5 500 @ $ 46.00 points 2001 @ 2001 @ 1001 @ 500 @ $ 42.00 = $ 27.00 = $ 50.00 = $ 46.00 = $ 8,400.00 5,400.00 5,000.00 23,000.00 $ 41,800.00 eBook Print References Sep 10 Totals $ 35,400.00Step by Step Solution
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