Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at RetailMar. 1 Beginning inventory 50 units @ $50/unitMar. 5 Purchase 200 units @ $55/unitMar. 9 Sales 210 units @ $85/unitMar. 18 Purchase 60 units @ $60/unitMar. 25 Purchase 100 units @ $62/unitMar. 29 Sales 80 units @ $95/unitTotals 410 units 290 unitsInformation given: Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 170 units from the March 5 purchase; the March 29 sale consisted of 20 units from the March 18 purchase and 60 units from the March 25 purchase. (Due to rounding, the sum of Cost of Goods Sold and Ending inventory may not equal the Cost of Good available for sales. Round your per unit costs to 3 decimal places and inventory balances to the nearest dollar amount. Omit the $ sign in your response.) EndingInventory(a) FIFO $ 7400(b) LIFO $ 6840(c) Weighted average $ 7176(d) Specific identification $ 7030
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