Units sold at Retail Units Acquired at Cost 140 units @ $6.00 = $ 840 100 units @ $ 15 60 units @ $5.00 = Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 300 80 units @ $ 15 180 units @ $4.50 = 380 units 810 $1,950 180 units Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Ending Cost Per Inventory Inventory- Unit Units Cost Unit Cost Units Units Sold COGS Unit Cost Activity Purchase Date 140 Beginning inventory Purchase Purchase $ 6.00 $ 6.00 Jan. 1 Jan. 20 Jan. 30 60 180 380 $ 0 0 0 $ Required: Required 2 > Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance Date # of units # of units sold Cost per unit Cost per Cost of Goods unit Sold 140 @ 6.00 = $ 840.00 t January 1 January 10 January 20 nces Average cost January 25 January 30 Totals Perpetual FIFO: Goods Purchased Cost of Goods Sold Cost per #of units # of units sold Cost per Cost of Goods unit Sold Date Inventory Balance Inventory # of units Balance 140 @ $ 6.00 = $ 840.00 Cost per unit unit January 1 January 10 January 20 ces January 25 January 30 Totals Lnie CUSL5055 Perpetual LIFO Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory # of units unit Balance Date 140 @ $ 6.00 = 840.00 January 1 January 10 January 20 January 25 January 30 Totals