Units Unit Price Total Cost

October 1, 20-1 Beginning inventory 440 $20.5 $9,020

October 18 1st purchase 530 21 11,130

November 25 2nd purchase 200 22 4,400

January 12, 20-2 3rd purchase. 350 23 8,050

March 17 4th purchase 890 24.5 21,805

June 2 5th purchase 850 25 21,250

August 21 6th purchase 200 26 5,200

September 27 7th purchase 670 27 18,090

4,130 $98,945

Use the following information for the specific identification method.

There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units:

100 are from October 18, 20-1 1st purchase

200 are from January 12, 20-2 3rd purchase

100 are from March 17 4th purchase

400 are from June 2 5th purchase

200 are from August 21 6th purchase

300 are from September 27 7th purchase

Required:

Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory on September 30, 20-2, under each of the following periodic inventory methods. For the weighted-average method, round the average unit cost to two decimal places. Round all final answers to the nearest dollar.

Cost of Goods Sold Cost of Ending Inventory

1.FIFO $ $

2.LIFO $ $

3.Weighted-average $ $

4.Specific identification $ $