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        How do you do ths problem Mercedes Brown starts a merchandising business on December
       
                  
        How do you do this problemMercedes Brown starts a merchandising business on December 1 and enters into three inventory purchases:
 
 December 7 	10 units  	@ 	$  	9 cost
 December 14 	20 units  	@ 	$  	10 cost
 December 21 	15 units  	@ 	$  	12 cost
 
 Brown sells 18 units for $35 each on December 15. Seven of the sold units are from the December 7 purchase and eleven are from the December 14 purchase. Brown uses a periodic inventory system. Determine the costs assigned to the December 31 ending inventory inventory when costs are assigned based on (a) FIFO, (b) LIFO, (c) weighted average, and (d ) specific identification. (Round per unit costs to 3 decimals places. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)
 
 Ending Inventory
 a. 	 FIFO 	$
 b. 	 LIFO 	$
 c. 	 Weighted Average 	$
 d. 	 Specific Identification 	$
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