Please teach me accounting question.?

Question

Jan1 Beginning inventory 630 unit @$43/unit

Feb10 Purchase 358 units $44/unit

Mar.13 Purchase 207 units $31/unit

Mar 15 Sales 630 units $75/unit

Aug 21 Purchase 144 units $51/unit

Sept 5 Purchase 605 units 46/unit

Spet 10 Sales 657 units $75/unit

Total purchase: 1,944 units
Total sales: 1,287 units
Cost of goods available for sale:$84,433
Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) specific identification (Note: The units sold consist of 530 units from beginning inventory, 258 units from the February 10 purchase, 207 from the March 13 purchase, 24 from the August 21 purchase and 268 from the September 5 purchase, and), (d) weighted average.

Please show me formulas of FIFO, LIFO, specific identification, and weight average.

Answer 1

I got the following ending inventory:
(a) FIFO $30,482
(b) LIFO $28,987
(c) specific identification $30,322
(d) weighted average $29,232

There are 3 excel worksheets. If the answers are correct, and you want to see the worksheets, pls email me your email address for me to attach them.

Answer 2

FIFO means first in first out, so your remaining inventory are the last units purchased. LIFO is last in first out, so remaining inventory is the first units purchased. Weighted average is the average of everything... total cost divided by total number of things bought is average cost. Specific identification should be obvious. From here you just have to do the math.

Answer 3

Wow good Luck man