Date activities units acquired at cost units sold at retail jan. 1 beginning inventory 140 units @ $ 6.00 = $ 840 jan. 10 sales 100 units @ $ 15 jan. 20 purchase 60 units @ $ 5.00 = 300 jan. 25 sales 80 units @ $ 15 jan. 30 purchase 180 units @ $ 4.50 = 810 totals 380 units $ 1,950 180 units exercise 5-5a periodic: inventory costing lo p3 required: the company uses a periodic inventory system. for specific identification, ending inventory consists of 200 units, where 180 are from the january 30 purchase, 5 are from the january 20 purchase, and 15 are from beginning inventory. determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) fifo, and (d) lifo.

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?