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

3. Compute the cost assigned to ending inventory using (a) FIFO, (b)

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 700 units from beginning inventory, 400 from the February 10 purchase, 300 from the March 13 purchase, 150 from the August 21 purchase, and 450 from the September 5 purchase. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.) (a) FIFO (b) LIFO (c) Weighted average (d) Specific identification Ending Inventory

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