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# Park Company reported the following March purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail...

Park Company reported the following March purchases and sales data for its only product.

Date Activities Units Acquired at Cost Units sold at Retail
Mar. 1 Beginning Inventory 220 units @ \$ 8.40 = \$ 1,848
Mar. 10 Sales 125 units @ \$ 16.40
Mar. 20 Purchase 290 units @ \$ 7.40 = 2,146
Mar. 25 Sales 215 units @ \$ 16.40
Mar. 30 Purchase 160 units @ \$ 6.40 = 1,024

Totals 670 units \$ 5,018 340 units

Park uses a perpetual inventory system. For specific identification, ending inventory consists of 330 units, where 160 are from the March 30 purchase, 80 are from the March 20 purchase, and 90 are from beginning inventory.
Determine the cost assigned to ending inventory and to cost of goods sold using specific identification
Determine the cost assigned to ending inventory and to cost of goods sold using weighted average
Determine the cost assigned to ending inventory and to cost of goods sold using FIFO
Determine the cost assigned to ending inventory and to cost of goods sold using LIFO

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