Question: Specific Identification, FIFO, UFO, And Weighted Average Instructions FIFO UFO Weighted average Specife Identification Units Unit Price Total Cout October 1, 20-1 Begung inventory 400




Specific Identification, FIFO, UFO, And Weighted Average Instructions FIFO UFO Weighted average Specife Identification Units Unit Price Total Cout October 1, 20-1 Begung inventory 400 51500 October 18 To purchase 300 1650 600 17 00 November 25 2nd purchase Jawy 12. 202 3rd purchase 700 1725 March 17 4th purchase June 2 5th purchase August 21 th purchase Check My Work Previous Email Instructor Save and Exit Submit Assignment for Grading Specific Identification Instructions FIFO Weighted-average LIFO Instructions Y 400 WOUDE 20 DUV W 16.50 4,950 October 18 1st purchase 300 600 10,200 2nd purchase November 25 17.00 1725 12,075 January 12, 20-2 3rd purchase 14,400 ve 4th purchase March 17 7,600 June 2 5th purchase 400 300 500 1900 2100 2175 August 21 6th purchase September 27 7th purchase 10,875 $72,400 4,000 Use the following information for the specific identification method There are 900 units of inventory on hand on September 30, 20-2. Of these 900 units Instructions 5th purchase 200 are from June 2 50 are from August 21 200 are from September 27 6th purchase 7th purchase Required: Calculate the total amount to be assigned to the cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory on September 30, 20-2 under each of the following porodic inventory methods 1 FIFO 2 LIFO 3. Weighted average fround calculations to two decimal places) 4 Specific identification There are 900 units of inventory on hand on September 30, 202. Of these 900 units 1st purchase 3rd purchase the purchase 50 are from October 18, 20-1 300 are from January 12, 202 100 are from March 17 200 are from June 2 50 are from August 21 200 are from September 27 5th purchase 6th purchase 7th purchase Required: Calculate the total amount to be assigned to the cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory
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