D&A Restaurant has the following inventory purchase and sales records from the last period. Calculate the ending inventory for the period using different methods and answer the following questions. Item: Red Wine Date 01-Mar Purchase BI 5 Unit Cost Sales Units $15.00 5 02-Mar 20 $10.00 25 10-Mar 10 15 15-Mar 20 $15.00 5 30 20-Mar 10 $20.00 10 30 25-Mar 15 15 30-Mar 15 $5.00 35 31-Mar 5 30 Paragraph BI Font family Font size A Answer: What is the value of ending inventory using the Specific Item Cost? Sales: 5 units @ $10; 5 units @ $8; 5 units @ $12; 10 units @ $14; 10 units @ $12; 5 units @ $14; 5 units @ $10 Inventory Costing Specific Item FIFO LIFO Beginning Inventory Purchases Goods Available Ending Inventory Cost of Sales WAC