Date

March $1$

March $5$

March $9$

March $18$

March $25$

March $29$

Activities

Beginning inventory

Purchase

Sales

Purchase

Purchase

Sales

Totals

Units Acquired at Cost

Units Sold at Retail

$60$ units @ $$50\mathrm{.}20$ per unit

$205$ units $$55\mathrm{.}20$ per unit

$q,$

$q,$

$q,$ $$95\mathrm{.}20$ per unit $q,$

$3.$ Compute the cost assigned to ending inventory using $($a$)$ FIFO, $($b$)$ LIFO, $($c$)$ weighted $$ver$$ge$,$ 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.

Complete this question by entering your answers in the tabs below.

Perpetual FIFO

Perpetual LFO

Weighted

Average

Specific Id

Compute the cost assigned to ending inventory using FIFO.

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