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PLEASE HELP ME ANSWER BOTH OF THEM Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification.
PLEASE HELP ME ANSWER BOTH OF THEM
Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 125 units from beginning inventory and 255 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 145 units from the March 25 purchase. Specific Identification: Goods Purchased # of Cost Date per unit March 1 Cost of Goods Sold # of units Cost Cost of Goods per I sold Sold unit units # of units Inventory Balance Cost Inventory per Balance unit 53.40 = $ 11,748.00 220 @ March 5 March 9 March 18 March 25 March 29 Totals $ 0.00Step by Step Solution
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