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I need assistance with completing the following problem: 13-06A?! SERIES A PROBLEMS Company's FIFO, LIFO, AND Swing 30, 20-2, beginning inventory and purchases during the
I need assistance with completing the following problem: 13-06A?! SERIES A PROBLEMS Company's FIFO, LIFO, AND Swing 30, 20-2, beginning inventory and purchases during the fiscal year ended September were as follows: Cost goods sold, FR0:61,500 Units Unit Price Total Cost October 1, 20-1 Beginning inventory 400 $20.00 8,000 October 18 1st purchase 500 20.50 10,250 November 25 2nd purchase 200 21.50 4,300 January 12, 20-2 3rd purchase 23.00 6,900 March 17 4th purchase 900 24.50 5th purchase 22,050 une 2 800 25.00 20,000 August 21 6th purchase 200 26.00 September 27 7th purchase 5,200 700 27.00 18,900 4,000 $95,600 Use the following information for the specific identification method. There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units: 100 are from October 18, 20-1 1st purchase 200 are from January 12, 20-2 3rd purchase 100 are from March 17 4th purchase 400 are from June 2 5th purchase 200 are from August 21 300 are from September 27 6th 7th purchase
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