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table [ [ Date , Activities,Units Acquired at Cost,Units Sold at Retail ] , [ March 1 , Beginning inventory, 9 0 units @

\table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[March 1,Beginning inventory,90 units @ $50.80 per unit,],[March 5,Purchase,220 units @ $55.80 per unit,],[March 9,Sales,,250 units @ $85.80 per unit],[March 18,Purchase,80 units @ $60.80 per unit,],[March 25,Purchase,140 units @ $62.80 per unit,],[March 29,Sales,,120 units @$95.80 per unit],[Totals,530 units,370 units]]
Problem 5-1A (Algo) Part 3
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (c) specific identification. For specific identification, units sold include 60 units from beginning inventory, 190 units from the March 5 purchase, 40 units from the March 18 purchase, and 80 units from the March 25 purchase.
Complete this question by entering your answers in the tabs below.
\table[[Perpetual FIFO Perpetual LIFO,\table[[Weighted],[Average]]],[Specific Id,]]
Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 60 units from beginning inventory, 190 units from the March 5 purchase, 40 units from the March 18 purchase, and 80 units from the March 25 purchase.
\table[[Specific Identification],[Date,Goods Available for Sale,Cost of Goods Sold,Ending Inventory],[# of units,\table[[Cost per],[unit]],\table[[Cost of Goods],[Available for],[Sale]],\table[[# of units],[sold]],,\table[[per],[it]],\table[[Cost of],[Goods Sold]],\table[[# of units],[in ending],[inventory]],,\table[[per],[it]],,],[March 1,,,$,,$,0.00,$,,$,0.00,$,0],[March 5,,,0,,,0.00,0,,,0.00,,0],[March 18,,,0,,,0.00,0,,,0.00,,0],[March 25,,,0,,,,,,,0.00,,0],[Total,0,,$,0,,,$,0,,,$,0]]
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