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3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March
3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 110 units from beginning inventory and 240 units from the March 5 purchase: the March 29 sale consisted of 90 units from the March 18 purchase and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual Perpetual Weighted Specific Id LIFO FIFO Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 de Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Cost Cost of Goods Inventory Balance Cost Cost #of units # of Inventory Balance #of units Date per unit per unit per unit $ 52.80 units sold Sold 190 $10,032.00 March 1 March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Perpetual LIFO Specific Id Requlred Information [The following information applies to the questions dlisplayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Activities 1 Beginning inventory Purchase Uni ts Acquired at Cost 190 units $52. 80 per unit 270 units@ $57. 80 per uni t Uni ts Sold at Retail Date Mar Mar Mar Mar 18 Purchase Mar. 25 Pur chase 350 units $87. 80 per unit 9 Sales 130 units@ $62. 80 per unit 240 uni ts $64. 80 per uni t 220 units $97. 80 per unit Sales Mar. 29 570 units 830 units Totals 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) Weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 110 units from beginning inventory and 240 units from the March 5 purchase: the March 29 sale consisted of 90 units from the March 18 purchase and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual Perpetual Weighted Specific Id FIFO LIFO Average Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 s units from beginning inventory and 240 units from the March 5 purchase; the March 29 sale consisted of 90 units f purchase and 130 units from the March 25 purchase. Specific Identification Goods Purchased Cost of Goods Sold Inventory Balance Cost Cost Cost #of units sold # of Cost of Goods Sold Inventory Balance Date #of units per unit per unit per unit units 190@ March 1 $10,032.00 52 80 Required Information The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Activities Uni ts Acquired at Cost 190 units $52. 80 per unit 270 units $57. 80 per unit Uni ts Sold at Retail Date 1 Beginning inventory 5 Purchase Mar Mar Mar 350 units $87, 80 per unit 9 Sales 130 units $62. 80 per unit 240 units $64. 80 per unit Mar. 18 Purchase Mar. 25 Pur chase 220 units $97. 80 per unit Mar. 29 Sales 830 units 570 units Totals 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 110 units from beginning inventory and 240 units from the March 5 purchase; the March 29 sale consisted of 90 units from the March 18 purchase and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual Weighted Specific Id Perpetual LIFO FIFO Average Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO
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