eBook Calculator Specific Identification, FIFO, LIFO, and weighted Average Boyce Company's beginning inventory and purchases during the fiscal year ended September 30, 20-2, are shown. October 1, 20-1 Beginning inventory October 18 1st purchase November 25 2nd purchase January 12, 20-2 3rd purchase March 17 4th purchase June 2 5th purchase August 21 6th purchase September 27 7th purchase Units Unit Price Total Cost 400 $15.00 $6,000 300 16.50 4,950 600 17.00 10,200 700 17.25 12,075 800 18.00 14,400 400 19.00 7,600 300 21.00 6,300 500 21.75 10,875 4,000 $72,400