Question: specific identification and weighted average only please Refer to the information in Problem 6-1B and assume the periodic inventory system is used. Required 1. Compute

Refer to the information in Problem 6-1B and assume the periodic inventory system is used. Required 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round all amounts to cents.) IN V Troms records Beginning inventory, January 1 Cost of goods purchased.. Sales Sales returns. $ 302.580 941.040 1.211,160 8,410 Costing Required Use the gross profit method to estimate the company's first-quarter ending inventory Check Estimated the wwroty, 5449 20 period Ming Company uses a perpetual inventory system. It entered into the following purchases and sales trans PROBLEM SET actions for April. (For specific identification, the April 9 sale consisted of 8 units from beginning inven- tory and 27 units from the April 6 purchase; the April 30 sale consisted of 12 units from beginning Problem 6-18 inventory, 3 units from the April 6 purchase, and 10 units from the April 25 purchase.) Perpetual: Alternati cost flows Date Activities Units Acquired at Cost Units Sold at Retail P1 Apt 1 Beginning inventory 20 units o $3,000.00 per unit Apr. 6 Purchase.. 30 units a $3,500.00 per unit Apr 9 Sales. 35 units @ $12,000.00 per unit Purchase 5 units @ $4,500.00 per unit Apr 25 Purchase 10 units a $4,800.00 per unit Apr 30 Sales 25 units a $14,000.00 per unit Total. 65 units 60 units asing en Apt 17 satinga uc
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