Determine the cost assigned to ending inventory and

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2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.)
3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Roundcost per unit to 2 decimal places.)
4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Roundcost per unit to 2 decimal places.)
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Date# of unitsCost per unit# of unitssoldCost per unitCost of Goods Sold# of unitsCost per unitInventory BalanceJanuary 1350@$11.00=$3,850.00January 10190@$11.00=$2,090.00160@$11.00=$1,760.00January 20420@$10.00160@$11.00=$1,760.00420@$10.00=4,200.00$5,960.00January 25@$11.00=$0.00160 @$11.00=$1,760.00345@$10.00=3,450.0075 @$10.00=$750.00$3,450.00$2,510.00January 30290@$9.00160 @$11.00=$1,760.0075 @$10.00=750.00290 @$9.00=2,610.00Totals$5,540.00$5,120.00[The following information applies to the questions displayed below.]Hemming Co. reported the following current-year purchases and sales for its only product.DateActivitiesUnits Acquired at CostUnits Sold at RetailJan.1 Beginning inventory200units@ $14.00=$2,800Jan.10 Sales190units@ $44.00Mar.14 Purchase350units@ $19.00=6,650Mar.15 Sales240units@ $44.00July30 Purchase500units@ $24.00=12,000 Oct.5Sales200units@ $44.00Oct.26 Purchase700units@ $29.00=20,300 Totals1,750 units$ 41,750 630unitsRequired: Hemming uses a perpetual inventory system.Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

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