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Required: Compute cost of goods avallable for sale and the number of units avallable for sale. Compute the number of units in ending inventory. Ending
Required: Compute cost of goods avallable for sale and the number of units avallable for sale. Compute the number of units in ending inventory. Ending inventory Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, ( d weighted average, and ( d ) specific identification. For specific identification, units sold consist of 665 units from beginning inventory, 365 from the February 10 purchase, 265 from the March 13 purchase, 115 from the August 21 purchase, and 380 from the September 5 purchase. Note: Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount. (a) FIFO (b) LIFO (c) Weighted average (d) Specific identification
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