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Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units
Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 154 units @ $6.00 $ 924 86 units @ $15.00 74 units @ $5.00 = 370 94 units @ $15.00 180 units @ $4.50- 408 units 810 $2,104 180 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identif FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. are from the January 30 purchase, 5 are from the January 20 purchase, and 43 are from beginning inve
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