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4 Part 3 of 4 10 points 01:43:40 eBook References Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 [The following information applies
4 Part 3 of 4 10 points 01:43:40 eBook References Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 130 units @ $65 per unit 430 units @ $70 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 450 units @ $100 per unit Activities Beginning inventory. Purchase Sales Purchase Purchase Sales Totals 180 units @ $75 per unit 260 units @ $77 per unit 220 units @ $110 per unit 670 units 1,000 units For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase. Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. Note: Round your "average cost per unit" to 2 decimal places. Check my work
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