Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 130 units from beginning inventory and 260 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.)

Perpetual FIFO:
	Goods Purchased					Cost of Goods Sold									Inventory Balance
Date	# of units		Cost per unit	# of units sold			Cost per unit	Cost of Goods Sold			# of units			Cost per unit	Inventory Balance
March 1									230	@	$53.60	=	$12,328.00
March 5	290	@	$58.60						230	@	$53.60	=	$12,328.00
									290	@	$58.60	=	16,994.00
													$29,322.00
March 9				230	@	$53.60	=	$12,328.00	0	@	$53.60	=
				160	@	$58.60	=	9,376.00	130	@	$58.60	=	$7,618.00
								$21,704.00					$7,618.00
March 18	150	@	$63.60						0	@	$53.60
									130	@	$58.60	=	7,618.00
									150	@	$63.60	=	9,540.00
													$17,158.00
March 25	280	@	$65.60						0	@	$53.60
									130	@	$58.60	=	7,618.00
									150	@	$63.60	=	9,540.00
									280	@	$65.60		18,368.00
													$35,526.00
March 29				0	@	$53.60	=	$0.00	0	@	$53.60
					@	$58.60	=	0.00		@	$58.60
				280	@	$63.60	=	17,808.00	20	@	$63.60	=	1,272.00
				280	@	$65.60	=	18,368.00		@	$65.60
								$36,176.00					$1,272.00
Totals								$57,880.00					$1,272.00

Perpetual LIFO:

Goods Purchased

Cost of Goods Sold

Inventory Balance

Date

# of units

Cost per unit

# of units sold

Cost per unit

Cost of Goods Sold

# of units

Cost per unit

Inventory Balance

March 1

230

@

$53.60

=

$12,328.00

March 5

70

@

$58.60

@

$53.60

@

$58.60

March 9

March 18

March 25

March 29

Totals

$0.00

weighted Average perpetual

march 1

march 5

average

march 9

march 18

average

march 25

march 29

total

Specific identification