Specific Identification, FIFO, LIFO, and Weighted-Average Swing Company’s beginning inventory and purchases during the fiscal year ended September 30, 20-2, were…

Specific Identification, FIFO, LIFO, and Weighted-Average

Swing Company’s beginning inventory and purchases during the fiscal year ended September 30, 20-2, were as follows:

Use the following information for the specific identification method.

There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units:

Required:

Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory on September 30, 20-2, under each of the following periodic inventory methods. For the weighted-average method, round the average unit cost to two decimal places. Round all final answers to the nearest dollar.