Question: Compute the cost assigned to ending inventory using ( a ) FIFO, ( b ) LIFO, ( c ) weighted average, and ( d )

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 675 units from beginning inventory, 375 from the February 10 purchase, 275 from the March 13 purchase, 125 from the August 21 purchase, and 400 from the September 5 purchase.
Note: Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.
\table[[,Ending Inventory],[(a) FIFO,],[(b) LIFO,],[(c) Weighted average,],[(d) Specific identification,]]
Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.
\table[[,FIFO,LIFO,\table[[Weighted],[Average]],\table[[Specific],[Identification]]],[Sales,,,,],[Less: Cost of goods sold,,,,],[Gross profit,$,$,$,$
 Compute the cost assigned to ending inventory using (a) FIFO, (b)

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