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nces Date Activities January 1 Beginning inventory January 10 Sales January 20 Purchase January 25 Sales January 30 Specific Id Complete this question by entering your answers in the tabs below. Purchase Totals Beginning inventory Purchases: January 20 January 30 Total Weighted Average FIFO Required: Assume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Units Acquired at Cost 156 units @ $ 6.00 = 76 units @ $ 5.00 = 180 units @ $ 4.50 = 412 units Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places. b) Weighted average - Periodic # of units LIFO Cost of Goods Available for Sale 156 76 180 412 Average Cost per unit Cost of Goods Available for Sale $ $ 936 380 720 2,036 $ 936 # of units sold 380 Units sold at Retail $15.00 0 $15.00 # of units in ending inventory 232 Ending Inventory Average Cost per unit S Ending Inventory 0

equired: ssume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using (a) pecific identication, (b) weighted average, (C) FiFO, and (C) LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending invertory and to cost of goods sold using weighted average. Note Round cost per unit to 2 decimal places

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