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Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventoryRequired: 1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 unb. Weighted average cost. Weighted Average Cost (Periodic) Units Cost per Unit Total 200 $ 38.00 $ 7,600 350 250 600 $ $ BegiC. First-in, first-out. FIFO (Periodic) Units Cost per Unit Total $ 7,600 200 $ 38.00 $ $ 40.00 44.00 350 250 600 800 25,000d. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fifth

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LIFO (Periodic) Cost Per Total #of Units Unit Beginning Inventory Purchases Mar-02 Jun-30 Total Purchases Goods Available forWeighted Average ( Periodic) Cost Per #of Units Unit Total Beginning Inventory Purchases 200 38 7600 350 Mar-02 40 14000 Jun-FIFO ( Periodic) Cost Per #of Units Unit Total Beginning Inventory Purchases 7600 200 38 350 Mar-02 40 14000 Jun-30 Total PurSpecific Identificatio ( Periodic) Cost Per Total of Units Unit Beginning Inventory Purchases 200 38 7600 350 Mar-02 14000 40

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