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Exercise 6-15A Periodic: Cost flow assumptions LO P3 Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory
Exercise 6-15A Periodic: Cost flow assumptions LO P3 Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 60 units-50 units from the January 6 purchase and 10 units from the January 25 purchase Jan. 1 Beginning invern Jan. 6 Purchase Jan. 17 Purchase Jan. 25 Purchase 140 units $3.30462.00 306 units $2.90 887.40 545 units $2.401,308.00 48.30 23 units e $2.10 - Totals 1,014 units $2,705.70 Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to nearest whole dollar.) Ending Invento Cost of Goods Sold (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO
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