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Date March 1 March 5 March 9 March 18. March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales. Totals Units Acquired
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 120 units @$51.40 per unit 235 units @ $56.40 per unit 95 units @ $61.48 per unit 170 units @ $63.40 per unit 620 units Units Sold at Retail 280 units @ $86.40 per unit 150 units @$96.40 per unit 430 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 75 units from beginning inventory, 205 units from the March 5 purchase, 55 units from the March 18 purchase, and 95 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Date of units Cost per unit # of units sold unit Cost per Cost of Goods Sold #of units Cost per unit Inventory Balance Inventory Balance March 1 120 at $51.40 $ 6,168.00 235 at at $51.40 March 5 Total March 5 March 9 Total March 9 March 181 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals $ 0.00
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