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Date 10/1/20 Beginning Inventory 10/3/20 Purchased 10/10/20 Sold 10/15/20 Purchased 10/18/20 Purchased 10/21/20 Sold 10/25/20 Purchased 10/29/20 Sold 10/31/20 Ending Inventory Number of Units Unit

Date 10/1/20 Beginning Inventory 10/3/20 Purchased 10/10/20 Sold 10/15/20 Purchased 10/18/20 Purchased 10/21/20 Sold 10/25/20 Purchased 10/29/20 Sold 10/31/20 Ending Inventory Number of Units Unit Cost Sales 200 $100 150 $110 300 $175 100 $115 150 $120 225 $180 180 $100 65 $180 190 Calculate the following using the WEIGHTED AVERAGE method. Cost of Goods Sold Ending Inventory Gross Margin **Make sure to show all calculations. Number of Date 10/1/20 Units Unit Cost Sales Beginning Inventory 200 $100 10/3/20 Purchased 150 $110 10/10/20 Sold 300 10/15/20 Purchased 100 $115 10/18/20 Purchased 150 $120 10/21/20 Sold 225 $180 10/25/20 Purchased 180 $100 10/29/20 10/31/20 Sold 65 $180 Ending Inventory 190 Calculate the following using the SPECIFIC IDENTIFICATION method. Cost of Goods Sold Ending Inventory Gross Margin "Make sure to show all calculations. Units sold from $175 175 from Beginning Inventory, balance from 10/3 purchase 25 from Beginning Inventory, 100 from 10/15 purchase & 100 from 10/18 purchase 65 sold from 10/25 purchase

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