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Posted on Sep 04, 2024

4. Part 3 of 4 Required information {The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered

4. Part 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 Unies Acquired at Cost i soldat Ketan March 1 Beginning inventory 210 units @ $53.20 per unit March Purchase 200 units $58.20 per unit March 9 Sales 370 units $88.20 per unit March 18 Purchase 140 units 563.20 per unit March 25 Purchase 260 units @ $65.20 per unit March 29 Sales 248 units $96.20 per unit Totals 890 units 610 units 3. Compute the cost assigned to ending inventory using (FIFO (6) LIFO, (weighted average, and (c) specific Identification. For specific identification, units sold include 120 units from beginning inventory, 250 units from the March 5 purchase, 100 units from the March 18 purchase, and 140 units from the March 25 purchase Required information 4 Date Donde Purchase Cont per unt Cost of Goods Sold Cost per Cost of Goods Sold unt Cont par of units sold of it Imo ance $ 11,172.00 art 3 of 4 210 at 553.20 - March 1 2801 at $ 58,20 210 at 280 at $53.20 - 5 58.20 - March 5 $ 11,17200 16,296.00 $ 27,468.00 Total March 5 - $ 210 al 160 at $ 53.20 558.20 March 9 11,172.00 9,312.00 20.484.00 olat 120 at $ 53.20 5 58.20 - 6,984.00 $ 6,984.00 $ Total March 9 A 1401 at $63.20 0 at 120 at 140 at $ 53.20 $ 58.20 $ 63 20 March 18 6,984.00 8,848.00 $ 15,832.00 Total March 18 2601 at $ 65,20 0 at 120 at 140 at 260 at $ 53.20 $ 58,20 $ 63,20 $ 6520 - March 25 6.984.00 8,648.00 16,952.00 $ 32,784.00 Total March 25 $ # ol at 120 at 120 at o at $53.20 $ 58,20 $63.20 - $65.20 March 29 0.00 6,984.00 7.584.00 0.00 14,568.00 35,052.00 O at 0 at 20 at 260) at 5 53.20 $ 58.20 563.20 $ 65.20 = 11 1,264.00 16,952.00 $ 18,216.00 $ 18.216.00 $ Total March 29 Totals $ Perpetual LIFO > Required information 4 Pametno Cost of Good Bold Cost of Goods Sold unit Coal por Inventory ale Coolpar of unft Inventory For unle of unit sold unil Part 3 of 4 March 1 210 at $5320 - $ 11,172.00 280 at $ 68.20 210 at March 5 $53.20 - $58.20 - 280 at $ 11,172.00 16,296.00 $ 27,468.00 Total March $ 6,384.00 March 9 90 at 250 at $53.20 $58.20 : $ 4.788.00 16.296.00 $ 21.084.00 120 at O at $ 53.20 - $58.20 Total March $ 6,384.00 $ 6,384.00 1401 at $63,20 1201 at o al March 18 $63.20 $58.20 $63.20 - 140 at Total March 18 8,848.00 $ 15,232.00 $ 6,384.00 250 at $ 65.20 March 25 120 at 0 at 140 at 200 a 553.20 - $ 58.20 563.20 - 5 65.20 8.848.00 16,952.00 $ 32,184 00 Total March 25 - $ $ 5,384.00 March 29 olar ola olat 2401 $ 53.20 558.20 $63.20 565.20 0.00 0.00 0.00 15,648.00 $ 15,648.00 $ 35,73200 120 at 0 at 140 at 20 at $ 53.20 $ 58.20 $63,20 $65.20 - . Total March 29 Totals 8,848.00 1,304.00 5 10,536.00 $ 16,536.00 4 Required information Specimen Uw wenn Wey, JV hre in porco96, I WOWO the March 18 purchase, and 140 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Part 3 of 4 w Perpetual FIFO Perpetual UFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using weighted average (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual Good Pressed Cost of Good Sold Inventory Balance Date Couper of units Cont par ofte unit sold Cost per unit Cost of Goods Sold of units unit Inventory Balance March 1 210 at $ 53.20 $ 11,172.00 2801 $5820 March 5 5 490 at 53.20 = $ 26,068.00 at 58.20 Average March 4901 $ 5600 $ 25,068.00 March 370 at 5 56.08 - $ 20,742 20 120 M 5 5606 - $ 6.727.20 140 $6320 120 $ 56.00 - 5 6,727 20 March 18 2001 $ 63.20 16,432.00 Average March 18 5 23,150.20 200 at $65.20 March 25 520 ats 6520 33,900.00 Average March 25 520 $ 6255 - $33.304 DO March 29 240 at 5 62.55 $ 15,012.00 280 ats 62.55 - $ 17,514.00 Totals $ 35,754 20 380 Perpetual UFO Specified > 4 Required information , the March 18 purchase, and 140 units from the March 25 purchase Complete this question by entering your answers in the tabubulow. Part 3 of 4 Perpetual FIFO Perpetual LIPO Weighted Average Specie Compute the cost moned to ending inventory using specific identification. For specific identification, units sold include 120 units from beginning inventory, 250 units from the March 5 purchase, 100 units from the March 18 purchase, and 140 units from the March 25 purchase. pendant le lo Cet of Goods Antetor Costo da od Cost of Good Center of its of Cost per Available for Cost of of unite Cust Ending ant Inventory Inventory Purchase March 1 os 0.00 500 5 0.00 $ o 210 S 0.005 0 March 200 5820 16,200 620 o200 $8.20 16.790 March 10 9.20.14 63.20540 63.20 USD March 25 200 65.20 56.0521 200 65.20 16.052 Total 680 42.000 890 4200 Goodeinanding 140 $ $