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e. Compute the cost of ending inventory using the Specific Identification method For specific identification, the March 9 sale consisted of 80 units from beginning

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e. Compute the cost of ending inventory using the Specific Identification method 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 16 purchase and 120 units from the March 25 purchase Date Activities Units Sold Cost Beginning 1-Mar inventory 100 50 5-Mar Purchase 400 55 9-Mar Sales 420 16-Mar Purchase 120 60 25-Mar Purchase 200 62 29-Mar Sales 160 SPEC ID Cost of Goods Sold Ending Inventory Cost of goods $ Ending Date Units sold Cost per units Cost per unit # ending sold inventory unit Inventory Sales 1-Mar 5-Mar 16-Mar 25-Mar Totals f. Compute the cost of ending inventory using the Weighted Average method Date Activities Units Solo Cost Beginning 1-Mar inventory 100 50 5-Mar Purchase 400 55 9-Mar Sales 420 16-Mar Purchase 120 50 25-Mar Purchase 200 62 29-Mar Sales 160 Average Cost of Goods Sold Ending Inventory Cost of goods # ending Cost per Date Units sold $ Ending units Cost per unit sold inventory unit Inventory Sales 1-Mar 5-Mar 16-Mar 25-Mar Totals Cost of goods sold

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