Exercise 5-3B Allocating product cost between cost of goods sold and ending inventory: multiple purchases Marley Company sells coffee makers used in business offices. Its beginning inventory of coffee makers was 400 units at $50 per unit. During the year, Marley made two batch purchases of coffee makers. The first was a 500-unit purchase at $55 per unit; the second was a 600-unit purchase at $58 per unit. During the period, Marley sold 1,200 coffee makers. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Marley uses a. FIFO. b. LIFO. c. Weighted average. EXERCISE 5-3B Marley Company Inventory Purchases Beginning Inventory 400 @ $50 = $20,000 First Purchase 55 = Second Purchase 58 = Goods Available for Sale a. Cost of Goods Sold: Cost Cost of FIFO Units per Unit Goods Sold From Beginning Inventory 400 @ $50 = $20,000 From @ From @ Total Ending Inventory: units from Purchase=$ b. Cost of Goods Sold: Cost Cost of LIFO Units per Goods Unit Sold From Purchase From Purchase From @ @ Total Ending Inventory: units from = $ C. Weighted Average: Total Cost $82,300 +Total Units = Cost per Unit + = $ Cost of Goods Sold units @ $ = $ Ending Inventory units @ $ = $