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In: AccountingSpecific Identification, FIFO, LIFO, and Weighted-AverageSwing Company's beginning inventory and purchases during thefiscal year...Specific Identification, FIFO, LIFO, and Weighted-AverageSwing Company's beginning inventory and purchases during thefiscal year ended September 30, 20-2, were as shown.UnitsUnit PriceTotal CostOctober 1, 20-1Beginning inventory400$20.00 $8,000October 181st purchase53020.50 10,865November 252nd purchase19021.50 4,085January 12, 20-23rd purchase35023.00 8,050March 174th purchase89024.00 21,360June 25th purchase84024.50 20,580August 216th purchase20025.50 5,100September 277th purchase68026.50 18,0204,080$96,060Use the following information for the specific identificationmethod.There are 1,300 units of inventory on hand on September 30,20-2. Of these 1,300 units:100 are from October 18, 20-11st purchase200 are from January 12, 20-23rd purchase100 are from March 174th purchase400 are from June 25th purchase200 are from August 216th purchase300 are from September 277th purchaseRequired:Calculate the total amount to be assigned to cost of goods soldfor the fiscal year ended September 30, 20-2, and ending inventoryon September 30, 20-2, under each of the following periodicinventory methods.Cost of Goods SoldCost of Ending Inventory1. FIFO$$2. LIFO$$3. Weighted-average (round calculations to twodecimal places)$$4. Specific identification$$