Answer:
(a) $1,385
(b) $1,445
(c) $1,560
(d) $1,320
Explanation:
Specific Identity___ Ending Inventory
60____ 420 ___ 90____ 630
140___ 840___ 80____ 480
35____ 175___ 55____ 275
235___ $1,435__ 225___ $1,385
(a) Specific identification COGS $1,435
Ending Inventory $1,385
(b) Weighted Average
Ending Inventory
6.1478 __ 225__ $1,383
COGS__ 235__ $1,445
(c) FIFO
Ending Inventory
20-Mar__ 135 __ 6__ 810
30-Mar__ 90___ 5__ 450
___________________ $1,260
Beginning Inv _150_ 7__ 1,050
20-Mar___ 85_ 6__ 510
COGS_____________ $1,560
(d) LIFO Ending Inventory
Beginning_ 150__ 7 __ 1,050
20-Mar___ 75__ 6 __ 450
_______________ $1,500
30-Mar__ 90__ 5__ 450
20-Mar 145_ 6__ 870
COGS_________ $1,320