Date

Activities

Units Acquired at Cost

Units Sold at Retail

Mar.

1

Beginning inventory

70

units

@ $50.40 per unit

Mar.

5

Purchase

210

units

@ $55.40 per unit

Mar.

9

Sales

230

units

@ $85.40 per unit

Mar.

18

Purchase

70

units

@ $60.40 per unit

Mar.

25

Purchase

120

units

@ $62.40 per unit

Mar.

29

Sales

100

units

@ $95.40 per unit

Totals

470

units

330

units

13. 1000 points Req 10.00 points 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.) rpetual FIF lan Cost per Inventory urcha ost of nvento Cost per unit Cost of Goods Sold | # of units Cost per unit Date # of units units SO unit Balance March 1 100 @ $ 50.00 $ 5.000.00 March 5 March 9 March 18 March 25 March 29 0.00