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Swing Company's beginning inventory and purchases during the fiscal year ended Septe Units Unit Price Total Cost October 1, 20-1 Beginning inventory 430 $20.00
Swing Company's beginning inventory and purchases during the fiscal year ended Septe Units Unit Price Total Cost October 1, 20-1 Beginning inventory 430 $20.00 $8,600 October 18 1st purchase 490 20.50 10,045 November 25 2nd purchase 210 21.50 4,515 January 12, 20-2 3rd purchase 310 23.00 7,130 March 17 4th purchase 910 24.50 22,295 June 2 5th purchase 830 25.00 20,750 August 21 6th purchase 200 25.50 5,100 September 27 7th purchase 700 26.50 18,550 4,080 $96,985 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 Check My Work 1st purchase 3rd purchase 4th purchase 5th purchase 6th purchase
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