SERIES A PROBLEMS *** SPECIFIC IDENTIFICATION, FIFO, LIFO, AND WEIGHTED AVERAGE Swing Company's beginning inventory and purchases during the fiscal year ended September 30, 20-2, were as follows: 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 300 23.00 6,900 March 17 4th purchase 900 24.50 22,050 June 2 Sth purchase 800 25.00 20,000 August 21 6th purchase 200 26.00 5,200 September 27 7th purchase 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 Sth purchase 200 are from August 21 6th purchase 300 are from September 27 7th purchase REQUIRED Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory on September 30, 20-2, under each of the following periodic inventory methods: 1. FIFO 2. LIFO 3. Weighted-average (round calculations to two decimal places) 4. Specific identification