3 D 3 of 4 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 Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 70 units @ $50.40 per unit Mar. 5 Purchase 210 units@ $55.40 per unit Mar. 9 Sales 230 units $85.40 per unit Mar. 18 Purchase 78 units @ $60.40 per unit Mar. 25 Purchase 128 units@ $62.40 per unit Mar. 29 Sales 100 units $95.4e per unit Totals 478 units 330 units ook Print eferences 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification snorifinirientification the Marcha sale consisted of 50 units from herinning inventory and 180 units from the March 5 nurchae C Taw Prev 3 4 of 5 Next > y Fun Online Ga... Edit Your Profile IN... * VHL Central Dash... Check and pay Box - Inventories and Cost of Sales Saved Help Save & Exit Submit Check my work 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 50 units from beginning inventory and 180 units from the March 5 purchase the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold #of Cost per #of units Cost per Date Cost of Goods Sold units unit sold unit March 1 Inventory Balance Cost per Inventory # of units unit Balance 70 350.40 = $ 3.528.00 C 3 4 12:10 o earch DOLL SC Play ured. CONTOON VELLentar la Check and pay - Bo. mework - Inventories and Cost of Sales i Help Save & Chi Required information Date #of units Cost per unit # of units sold Cost per Cost per Cost of Goods Sold unit # of units March 1 unit $50.40 70 Inventory Balance $ 3,528.00 $ 9,072.00 March 5 210 $ 55.40 180 $50.40 $ 55.40 @ March 9 $ 9,072.00 70 0 $50.40 $55.40 3,528.00 0.00 3,528.00 $ 50.40 $ 55.40 $ ce March 18 70 $ 60.40 @ $50.00 $ 55.40 $ 60.40 March 25 120 $ 6240 S 50.40 @ S 55.40 $ 60.40 $ 62.40 @ March 29 Tobals $ 3,528.00 Perpeti FC Perpetual LIFO > OBI DELL Check Required information Date #of units Cost per unit # of units Cost per cost of Goods Sold sold Cost per March 1 unit #of units Inventory Balance $ 3,528.00 unit $50.40 - March 5 70 210) $55.40 @ $ 50.40 $ 55.40 March March 18 March 25 Required information March 25 March 29 Totals $ 0.00 e to search Required information 3 ot 4 Weighted Average Perpetual: Goods Purchased of Date units unit March 1 Inventory Balance Cost per Cost of Goods Sold # of units Cost per sold unit Cost of Goods Sold Cost per # of units unit Inventory Balance $ 50,40 - $ 3,528.00 70 @ March 5 ook Average March March 18 Average March 25 w d MI Required information March 9 March 18 Average March 25 March 29 Total 0.00 4 . Specific Identification: Goods Purchased Date #of units unit March 1 Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per # of units unit Inventory Balance 70 @ $50,40 = 3,528.00 March 5 March March 18 CO 0