Units Sold at Retail Units Acquired at Cost 130 units @ $65 per unit 430 units @ $70 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 450 units @ $100 per unit 180 units @ $75 per unit 260 units @ $77 per unit 220 units @ $110 per unit 670 units Totals 1,000 units FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit Units Sold at Retail Units Acquired at Cost 130 units @ $65 per unit 430 units @ $70 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 450 units @ $100 per unit 180 units @ $75 per unit 260 units @ $77 per unit 220 units @ $110 per unit 670 units Totals 1,000 units FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit