Win Surf Wear sells suits. On January 2, there were 21 suits in inventory at a total cost of $4,809. At the end of the year, there were 17 suits in the ending inventory. Of these, 1 was purchased on July 27, 10 were purchased on Sep. 27, and 6 were purchased on Nov. 29.

Instructions: Assign a cost to the ending inventory using the following:

1. Specific identification method

2. FIFO method

3. LIFO method

4. Weighted average cost method Find out the cost of inventory sold.

Win Surf Wear sells suits. On January 2, there were 21 suits in inventory at a total cost of $4,809. At the end of the year, there were 17 suits in the ending inventory. Of these, 1 was purchased on July 27, 10 were purchased on Sep. 27, and 6 were purchased on Nov. 29.Instructions: Assign a cost to the ending inventory using the following: 1. Specific identification method 2. FIFO method 3. LIFO method 4. Weighted average cost method Find out the cost of inventory sold