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table [ [ te , Activities,Units Acq,uired at Cost,Units Sold at Retail ] , [ nuary 1 , Beginning inventory, 6 0 0 units,@
tableteActivities,Units Acq,uired at Cost,Units Sold at Retailnuary Beginning inventory, units,@ $ per unit,bruary Purchase, units,a $ per unit,rch Purchase, units,a $ per unit,irch Sales,,, units @ $ per unitgust Purchase, units,a $ per unit,ptember Purchase, units,@ $ per unit,otember Sales,,, units @ $ per unitTotals, units,, units
quired:
Compute cost of goods available for sale and the number of units available for sale.
tableCost of goods available for sale,,Number of units available for sale,,units
Compute the numbet of units in ending inventory.
Ending inventory
units
Compute the cost assigned to ending inventory using
a FIFO,
b LIFO,
c weighted average, and
d specific identification. For specific identification, units sold consist of units from beginning inventory, from the February purchase, from the March purchase, from the August purchase, and from the September purchase.
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