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Specific Identification, FIFO, LIFO, and Weighted Average Boyce Company's beginning inventory and purchases during the fiscal year ended September 30, 20-2, are shown. October 1, 20-1 Beginning inventory October 18 1st purchase November 25 2nd purchase January 12, 20-2 3rd purchase March 17 4th purchase Units Unit Price Total Cost 400 $15.00 $6,000 300 16.50 4,950 600 17.00 10,200 700 17.25 12,075 800 18.00 14,400 400 19.00 7,600 300 21.00 6,300 500 21.75 10,875 4,000 $72,400 June 2 5th purchase 6th purchase August 21 September 27 7th purchase Use the following information for the specific identification method. There are 900 units of inventory on hand on September 30, 20-2. Of these 900 units: 50 are from October 18, 20-1 300 are from January 12, 20-2 100 are from March 17 200 are from June 2 1st purchase 3rd purchase 4th purchase Sth purchase Check My Work S more Check My Work uses remaining, All work saved Email Instructe dtv A 3 4 5 6 7 8 eBook Calculator September 27 7th purchase 500 21.75 10,875 $72,400 4,000 Use the following information for the specific identification method. There are 900 units of inventory on hand on September 30, 20-2. Of these 900 units: 50 are from October 18, 20-1 300 are from January 12, 20-2 100 are from March 17 200 are from June 2 50 are from August 21 200 are from September 27 1st purchase 3rd purchase 4th purchase 5th purchase 6th purchase 7th purchase Required: Calculate the total amount to be assigned to the cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory on September 30, 20-2, under each of the following periodic inventory methods. Cost of Goods Sold Cost of Ending Inventory 1. FIFO 2. LIFO 3. Weighted average 4. Specific identification