If you could please help me figure out how to fill in FIFO, LIFO, and Weighted Average it would be super appreciated I have no clue where to even start with this one but once I see how it’s done my hopes are I’ll be able to understand how to do it which is what usually happens lol thank you so much I understand specific Identification so I don’t need any help with understanding how to do that but I do not know how to get the sales in part 4 for Specific ID/for all of them. I know it’s a lot but I’m so confused so it would be so helpful thank you! If that’s too much to do for one problem even just doing some of it would be of help for me to understand how to come to a solution thank you. WeightedAverageCompute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.)Perpetual FIFO Perpetual LIFO7DateJanuary 1February 10Total February 10March 13Total March 13March 15Total March 15August 21Total August 21September 5Total September 5September 10Total September 10TotalsGoods Purchased# of unitsSalesLess: Cost of goods soldGross profitCost per # of unitsunitsoldBVANSpecific IdFIFOPerpetual FIFO:Cost of Goods SoldCost per Cost of Goods SoldunitPerpetual FIFOLIFOWeightedAverage4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimalplaces.)Inventory BalanceCost perunit# of units600 at $45.00 =Perpetual LIFO >SpecificIdentificationHighlight AllInventoryBalanceMatch Case$ 27,000.00Match Diacritics< Prev0Whol !Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions.Units Acquired at Cost600 units @ $45 per unit400 units @ $42 per unit200 units @ $27 per unitDateJanuary 1February 10March 13March 15August 21F1ActivitiesBeginning inventoryPurchasePurchaseSalesSeptember 5September 10 SalesTotalsPurchasePurchaseCost of goods available for saleNumber of units available for saleEnding inventoryRequired:1. Compute cost of goods available for sale and the number of units available for sale.22. Compute the number of units in ending inventory.F2units100 units @ $50 per unit500 units @ $46 per unitComplete this question by entering your answers in the tabs below.Highlight All# ?1,800 units33. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Forspecific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from theMarch 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase.)units80F3Match CaseS$A000000F4Match Diacritics%Units Sold at Retail800 units @ $75 per unitF5600 units @ $75 per unit1,400 units< PrevWhole Words7F78DIIF8

Name: If you could please help me figure out how to fill in FIFO, LIFO, and
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: If you could please help me figure out how to fill in FIFO, LIFO, and Weighted Average it would be super appreciated I have no clue where to even start with this one but once I see how it’s done my hopes are I’ll be able to understand how to do it wh