Use the following information for the specific identification method.There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units:1st purchase100 are from October 18, 20-13rd purchase200 are from January 12, 20-2100 are from March 174th purchase5th purchase400 are from June 26th purchase200 are from August 21300 are from September 277th purchaseRequired:Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory on September 30, 20-2, under each of

Swing Company's beginning inventory and purchases during the fiscal year ended Sep Units Unit Price Total Cost October 1, 20-1 Beginning inventory 400 $20.00 $8,000 October 18 1st purchase 510 20.50 10,455 November 25 2nd purchase 230 21.50 4,945 January 12, 20-2 3rd purchase 330 22.50 7,425 March 17 4th purchase 870 23.50 20,445 June 2 5th purchase 800 24.00 19,200 August 21 6th purchase 200 24.50 4,900 September 27 7th purchase 690 25.50 17,595 4,030 $92,965 Use the following information for the specific identification method. There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 un 100 are from October 18, 20-1 1st purchase 200 are from January 12, 20-2 3rd purchase 100 are from March 17 4th purchase 400 are from June 2 5th purchase 200 are from August 21 6th purchase 300 are from September 27 7th purchase Required: Calculate the total amount to be assigned to cost of goods sold for the fiscal year ende