Question: 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (weighted average, and (c) specific identification. For specific identification, units sold consist

3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (weighted average, and (c) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased # of units unit Cost per Cost of Goods Sold # of units Cost per sold unit Cost of Goods Sold Date Inventory Balance Inventory # of units unit Balance 600 $ 4500 $ 27,000.00 Cost per Jan 1 Feb 10 Mar 13 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals 000 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (weighted average, and (c) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased # of units unit Cost per Cost of Goods Sold # of units Cost per sold unit Cost of Goods Sold Date Inventory Balance Inventory # of units unit Balance 600 $ 4500 $ 27,000.00 Cost per Jan 1 Feb 10 Mar 13 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals 000
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