compute the cost assigned to ending invetory using specific identification.

ontoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactie Units Sold at Retail Units Acquired at Cost 580 units @ $40 per unit 420 units @ $38 per unit 180 units @ $25 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase lept. 5 Purchase Tept. 10 Sales Totals 755 units @ $70 per unit 190 units $45 per unit 560 units @ $41 per unit 750 unitse $70 per unit 1,505 units 1.930 units equired: Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale Jumber of units available for sale [ $ 75,170 1,930 units Compute the number of units in ending inventory inding inventory 425 units 3. Compute the cost assigned to ending Inventory using (a) FIFO, (LIFO, (d weighted average, and specific identification. For specific identification, units sold consist of 580 units from beginning inventory 320 from the February 10 purchase, 180 from the March 13 purchase, 140 from the August 21 purchase, and 285 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual UFO Weighted Average Specific id Compute the cost assigned to ending Inventory using specific identification. For specific identification, units sold consist of 580 units from beginning inventory, 320 from the February 10 purchase, 180 from the March 13 purchase, 140 from the August 21 purchase, and 285 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Specific identification: Goods Purchased Cost of Goods Sold of Date cost per unit of units Inventory Balance Cost per #of units compe Inventory unit Balance 580 $ 40.00 $ 23,200.00 cost per cost of Goods Sold unit units Sold January 1 February 10 420 S 38.00 580 420 @ @ $ 40.00 $ 38,00 $ 23,200.00 15.960.00 $ 39,160 00 March 13 1 80 @ $ 25.00 580 @ $ 40.00 $ $38.00 $ $ 23,200.00 15,000.00 4,600.00 180 $25.00 $ 43.650.00 F 10 An Saved March 15 320 @ 180 @ 40.00 38.00 12,800 6,840 $ 19,640.00 260 240 @ @ = Aug 21 190 @ $ 45.00 260 @ 240 @ 190 @ $ 38.00 = $ 9,880.00 $ 25.00 = 6,000.00 $ 15,880.00 $ 38.00 - $ 9,880.00 $ 25.00 6,000.00 $ 45.00 = 8,550.00 $ 24,430.00 $ 38.00 = $ 9,880.00 $ 25.00 = 6,000.00 $ 45.00 - 8,550.00 $ 41.00 = 22,960.00 $ 47,390.00 Sep 5 560 @ $ 41.00 260 @ 240 @ 1901 @ 560 @ Sep 10 140 285 @ @ $ 38.00 $25.00 = = $ $ 5,320.00 7,125.00 260 240 50 @ @ $38.00 - $ 25.00 $ 45.00 - 9,880.00 6,000.00 2.250.00 $ 12.445.00 $ 32,085.00 Totals $ $ 18,130.00 18,130.00 Joe Weighted Average