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Compute the cost assigned to ending inventory using a)FIFO,(b)LIFO,c)weigthed average and, d) specific identification. For specific identification, units sold include 45 units from beginning inventory,
Compute the cost assigned to ending inventory using a)FIFO,(b)LIFO,c)weigthed average and, d) specific identification. For specific identification, units sold include 45 units from beginning inventory, 175 units from the march 5 purchase, 25 units from the march 18 purchase, and 65 units from the march 25 purchase. (all pictures are the same question.
for March. Units sold at Retail 220 units e $85.20 per unit 90 units e $95,20 per unit 310 units Required information Required information Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 45 units from 5 purchase, 25 units from the March 18 purchase, and 65 -units from the March 25 purchase Step by Step Solution
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