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3 Part 3 of 4 3.57 points Skipped eBook Required Information [The following Information applies to the questions displayed below.] Warnerwoods Company uses a
3 Part 3 of 4 3.57 points Skipped eBook 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 March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 240 units @ $53.88 per unit 295 units @ $58.80 per unit 155 units 290 units 980 units Units Sold at Retail 400 units @ $88.80 per unit @ $63.80 per unit @$65.88 per unit 270 units @ $98.80 per unit 670 units Print References 3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific Identification. For specific Identification, units sold Include 135 units from beginning Inventory, 265 units from the March 5 purchase, 115 units from the March 18 purchase, and 155 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. Inventory Balance Cost per unit Inventory Balance $53.80= $ 12,912.00 Goods Purchased Perpetual FIFO: Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units March 1 240 at March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals $ 0.00 Perpetual FIFO Perpetual LIFO >
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