I do know know how to do special identificatio for accounting
Specific Identification: Goods Purchased Cost # of Date units per unit January 1 February 10 380 @ $ 47.00 March 13 190 @ $ 35.00 March 15 280 @ Cost of Goods Sold Inventory Balance Cost Cost # of units Cost of Inventory sold per # of units per Goods Sold Balance unit unit $ $ 570 @ 50.00 28,500.00 $ $ 570 @ 50.00 28,500.00 $ 380 @ = 17,860.00 47.00 $ 46,360.00 $ $ 570 @ 50.00 28,500.00 $ $ 380| @ 47.00 17,860.00 $ $ 190 @ 35.00 6,650.00 $ 53,010.00 $ $ 570 @ 50.00] = 28,500 47.00 13,160.00 $ 100 @ 47.00 = 4,700 190 @ 35.00 6,650.00 $ $ 33,200.00 19,810.00 $ $ 280 @ = 47.00 13,160.00 $ 190 @ 35.00 6,650.00 $ 2001 @ 55.00 11,000.00 $ 30,810.00 $ $ 280 @ 47.00 13,160.00 $ 190 @ = 6,650.00 35.00 $ 2001 @ 55.00 11,000.00 $ 590 @ 31,270.00 53.00 $ 62,080.00 Aug 21 200 @ $ 55.00 = Sep 5 5901 @ $ 53.00 Sep 10 280 @ $ 13,160.00 50 @ $ 2,750.00 $ 55.00 $ 53.00 190 @ 6,650.00 2901 @ 15,370.00 $ 47.00 $ 35.00 $ 55.00 $ 53.00 150 @ = 8,250.00 @ 300 @ 15,900.00 $ 43,960.00 $ 77,160.00 $ 18,120.00 $ 18,120.00 Totals 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 consist of 570 units from beginning inventory, 280 from the February 10 purchase, 190 from the March 13 purchase, 150 from the August 21 purchase, and 300 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual Perpetual Weighted Specific FIFO LIFO Average Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 570 units from beginning inventory, 280 from the February 10 purchase, 190 from the March 13 purchase, 150 from the August 21 purchase, and 300 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Show less Problem 5-4AA (Algo) Perpetual: Alternative cost flows LO P3 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Date Activities Beginning Jan. 1 inventory Feb. 10 Purchase Units Acquired at Cost @ $50 per 570 units @ $47 per 380 units unit @$35 per 190 units unit Mar. 13 Purchase unit Mar. 15 Sales 700 units $75 per unit Aug. 21 Purchase @$55 per 200 units @ $53 per 590 units unit unit Sept. 5 Purchase Sept. 10 Sales @ $75 per 790 units unit 1,490 units Totals 1,930 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. $ 95,280 Cost of goods available for sale Number of units available for sale 1,930 units 2. Compute the number of units in ending inventory. Ending inventory 440 units
