Required: The Company uses a periodic Inventory system. For specific identification, ending inventory consists of 260 units, where 240 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, (b) weighted average, (FIFO, and (d) LIFO. Complete this questions by entering your answers in the below tabs. 01:30:10 Specific id Weighted Average FIFO UFO eBook Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. c) FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost per of units Cost per cost of Goods of units Available for cost of Goods Sold Ending Inventory of units Cost Ending in ending ventory runt inventory 1 15 5 $8.50 $ 8.50 S 128 160 8.50 $ 1,360 145 $ 8.505 1.230 Beginning inventory Purchases: Jan. 20 100 7.50 750 65 $ 7.50 638 5 Jan. 30 7.00 1.680 3.790 Required: The Company uses a periodic Inventory system. For specific identification, ending inventory consists of 260 units, where 240 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning Inventory. Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (FIFO, and (c) LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO UFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods Sold Cast # of units Cost per Available for unit sold unit Goods Sold Sale 160 8.50 $ 1,360 Ending Inventory of units Cost Ending In ending Inventory per unit Inventory of units Cost per Cost of Goods Beginning inventory Purchases Jan. 20 750 7.50 7.00 Jan 30 16 Total 500 3.790