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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

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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 430 $19.00 490 19.50 210 20.50 340 21.50 October 1, 20-1 Beginning inventory October 18 1st purchase November 25 2nd purchase January 12, 20-23rd purchase March 17 4th purchase June 2 5th purchase August 21 6th purchase September 27 7th purchase 900 22.50 $8,170 9,555 4,305 7,310 20,250 18,860 4,800 17,000 $90,250 820 23.00 200 24.00 680 25.00 4,070 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 assioned to cost of goods sold for the fiscal year ended September 30, 20-2, and ending inven Required: Calculate the total amount to be assigned to costor goods sold for the fiscal year ended September 30, 20-2, and ending Inventory on September 30, 20-2, under each on the following periodic inventory methods Cost of Ending Inventory Cost of Goods Sold 1. FIFO 2. LIFO 3. Weighted average (round calculations to two decimal places) 4. Specific identification 000

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