Question: Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO.(c) weighted average, and (d) specific identification. For specific
Problem 6-1A Part 3 3. 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 60 units from beginning inventory and 190 units from the March 5 purchase, the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific ld Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased of Cost per unit of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Date March 1 Inventory Balance Cost per Inver # of units unit Balance 90 S50 80 $ 4,572 00 90 @ $50.80 = $ 4,572.00 220 $ 4.57200 60 $ 50.80 $ 3,048.00 March 5 220 e March 9 $50.00 S 4,572.00 90 160 $ 4,57200 53.040.00 March 18 80 $50.80 March 25 March 29 Problem 6-1A Part 3 3. 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 60 units from beginning inventory and 190 units from the March 5 purchase, the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific ld Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased of Cost per unit of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Date March 1 Inventory Balance Cost per Inver # of units unit Balance 90 S50 80 $ 4,572 00 90 @ $50.80 = $ 4,572.00 220 $ 4.57200 60 $ 50.80 $ 3,048.00 March 5 220 e March 9 $50.00 S 4,572.00 90 160 $ 4,57200 53.040.00 March 18 80 $50.80 March 25 March 29
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