Question: 10:54 l 4G ( Inventory Costing methods.docx .. Date Activities Units Acquired at cost Units sold at Retail Jan. I Beginning Inventory 600 units @

10:54 l 4G ( Inventory Costing methods.docx .. Date Activities Units Acquired at cost Units sold at Retail Jan. I Beginning Inventory 600 units @ $44/Unit Feb. 10 Purchase 200 units @ S40'unit Mar. 13 Purchase 100 units aS20 unit Mar. 15 Sales 400 units a 75/unit Aug. 21 Purchase 160 units a S60unit Sept. 5 Purchase 280 units a $48'unit Sept. 10 Sales 200 units @ S75/unit Total 1340 Units 600 Units Required: Compute the number of units in ending inventory Compute the cost assigned to ending inventory using (a) FIFO (b) LII Compute cost of goods available for sale and number of units availabl- Date Activities Units Acquired at cost Units sold at Retail Jan. I Beginning Inventory 800 units @ $40/Unit Feb. 10 Purchase 250 units @ S30'unit Mar. 13 Purchase 200 units @S20/unit Mar. 15 Sales 500 units a 80'unit Aug. 21 Purchase 260 units a S60'unit Sept. 5 Purchase 280 units a S25/unit Sept. 10 Sales 300 units @ S75/unit

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