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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 follows: Units Unit

image text in transcribedimage text in transcribedSpecific 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 440 $20 $8,800 October 18 1st purchase 500 20.5 10,250 November 25 2nd purchase 230 21.5 4,945 January 12, 20-2 3rd purchase 310 22.5 6,975 March 17 4th purchase 910 23.5 21,385 June 2 5th purchase 800 24 19,200 August 21 6th purchase 200 25 5,000 September 27 7th purchase 690 26 17,940 4,080 $94,495 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 5th purchase 200 are from August 21 6th purchase 300 are from September 27 7th purchase

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: October 1, 20-1 October 18 November 25 January 12, 20-2 March 17 June 2 August 21 September 27 Beginning inventory 1st purchase 2nd purchase 3rd purchase 4th purchase 5th purchase 6th purchase 7th purchase Units Unit Price Total Cost 440 $20 $8,800 20.5 10,250 21.5 4,945 310 22.5 6,975 910 23.5 21,385 800 24 19,200 5,000 690 26 17,940 4,080 $94,495 25 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, 20-1 200 are from January 12, 20- 2 100 are from March 17 400 are from June 2 200 are from August 21 300 are from September 27 1st purchase 3rd purchase 4th purchase 5th purchase 6th purchase 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. For the weighted average method, round the average unit cost to two decimal places. Round all final answers to the nearest dollar. 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. For the weighted average method, round the average unit cost to two decimal places. Round all final answers to the nearest dollar. Cost of Goods Sold cost of Ending Inventory 1. FIFO 2. LIFO 3. Weighted average 4. Specific identification

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