Question: 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

 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 600 units from beginning inventory, 200 from the February

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 600 units from beginning inventory, 200 from the February 10 purchase, 150 from the March 13 purchase, 140 from the August 21 purchase, and 365 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO. Note: Round your average cost per unit to 2 decimal places. Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions

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