The inventory records for Rudolph Enterprises Limited shows the following information for the month of August 2023:

August 1 beginning inventory 25 units @ $30/unit = $ 750

August 10 - purchase 35 units @ $33/unit = 1,155

August 15 purchase 15 units @ $35/unit = 525

On August 25 Rudolph sold 30 units for $80 each.

Required:

1. Compute the cost of goods sold & ending inventory using each of the following methods:

a. Specific unit cost, with 15 units from beginning inventory, 25 units from the August 10 purchase & 5 units from the August 15 purchase still on hand at August 31, 2023.

b. Weighted average cost

c. First-in, first-out cost