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Using the specific identification method: Date June 1 July 1 August 1 Units purchased 17 Echo Show's 360 35 Echo Show's 360 59 Echo Show's
Using the specific identification method: Date June 1 July 1 August 1 Units purchased 17 Echo Show's 360 35 Echo Show's 360 59 Echo Show's 360 Cost per unit $ 268 243 233 Ending inventory 4 Echo Show's from June 14 Echo Show's from July 11 Echo Show's from August a. Calculate the ending inventory. Ending inventory b. Calculate the cost of goods sold. Cost of goods sold Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 31 51 41 46 169 Cost per unit $4 7 8 9 Total $ 124 357 328 414 $ 1,223 a. Calculate the cost of ending inventory using the weighted average method (ending inventory shows 52 units). (Round the "average unit cost" and final answer to the nearest cent.) Cost of ending inventory b. Calculate the cost of goods sold using the weighted average method. (Round your intermediate calculations and final answer to the nearest cent.) Cost of goods sold Given the following: Number purchased 36 56 46 51 189 Cost per unit $ 5 8 January 1 inventory April 1 June 1 November 1 Total $ 180 448 414 510 $ 1,552 10 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 57 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIFO (ending inventory shows 57 units). Cost of goods sold Given the following: Number purchased 42 62 January 1 inventory April 1 June 1 November 1 Cost per unit $3 6 7 52 Total $ 126 372 364 456 $ 1,318 8 57 213 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 63 units). Cost of ending inventory b. Calculate the cost of goods sold using the LIFO (ending inventory shows 63 units). Cost of goods sold
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