The following transactions took place in ABBA Limited in 2015.

Opening Inventory Purchase #1 Purchase #2 Purchase #3 Sales

2,000 units @ $0.50 1,000 units @ $2.00 500 units @ $1.00 1,000 units @ $2.50 2,000 un

Assume a periodic inventory system is used. For specific identification purposes, items sold were:

800 units of opening inventory

200 units of purchase #3

1,000 units of purchase #4

Required: Calculate

1. Ending inventory under specific identification.

2. Ending inventory under FIFO.

3. Ending inventory under weighted average.

4. Cost of goods sold under specific identification.

5. Cost of goods sold under FIFO.

6. Cost of goods sold under weighted average