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 shown.

Units Unit Price Total Cost

October $1,20-1$ Beginning inventory $440$ $$20\mathrm{.}50$ $$9,020$

October $181$st purchase $54021\mathrm{.}0011,340$

November $252$nd purchase $22022\mathrm{.}004,840$

January $12,20-23$rd purchase $33022\mathrm{.}507,425$

March $174$th purchase $91024\mathrm{.}0021,840$

June $25$th purchase $79024\mathrm{.}5019,355$

August $216$th purchase $20025\mathrm{.}505,100$

September $277$th purchase $72026\mathrm{.}5019,080$

$4,150$ $$98,000$

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 $18,20-11$st purchase

$200$ are from January $12,20-23$rd purchase

$100$ are from March $174$th purchase

$400$ are from June $25$th purchase

$200$ are from August $216$th purchase

$300$ are from September $277$th 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.

Cost of Goods Sold Cost of Ending Inventory

$1.$ FIFO $fill in the blank $1$

$65,245$

$fill in the blank $2$

$34,960$

$2.$ LIFO $fill in the blank $3$

$50,900$

$fill in the blank $4$

$26,385$

$3.$ Weighted$-$average $($round calculations to two decimal places$)$ $fill in the blank $5$

$fill in the blank $6$

$4.$ Specific identification $fill in the blank $7$

$fill in the blank $8$