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compute the cost assigned to ending inventory using a.) FIFO b.) LIFO c.) Weighted Average and d.) Specific Identifaction. For Specific identification, units sold consist
compute the cost assigned to ending inventory using a.) FIFO b.) LIFO c.) Weighted Average and d.) Specific Identifaction. For Specific identification, units sold consist of 600 units from begining inventory, 300 from the Feb 10 purchase, 200 from the March 13 purchase, 50 from August 21 purchase, and 250 from september 5 purchase. (Round up average cost per unit to 2 decimal places) please answer in detail format for example below is the to indicate
2 https Help 5 7Problem 5-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales tr cqu Beginning inventory 600 units $45 per unit Jan. 1 400 units $42 per unit 200 units $27 per unit Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase 800 units$75 per unit 100 units@ $50 per unit 500 units $46 per unit Sept. 5 Purchase Sept. 10 Sales 600 unitse $75 per unit Totals 1,800 units 1,400 units Ch 5 Help Save &Exin Submin 1 4500 S42 001 = Feb 10 5 42.00 16,800 00 5 43,800.00 ool @ | $45 00| $ 27.000 00 400 42.0016,800.00 2001 @ 2700 3 43,800.00 s 8,400.00 $ 8,400.00 8,400.00 6ool @ 45 001-1 S 27,000 00 200 s 42 00 2001 @Ls42001 S 35,400.00 100$50.00 00$4200 100$50.005,000.00 S 13,400.00 Chs points 15 pe here to search The due Date is today 03/19/2019
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