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7 Part 3 of 4 12.5 points Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system.
7 Part 3 of 4 12.5 points 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 bate March 1 March 5 March Activities Purchase Units Sold at Retall Beginning inventory 210 units 280 units Purchase Purchase 140 units 260 units Units Acquired at Cost $53.20 per unit $58.20 per unit #563.20 per unit $65.20 per unit 370 units $88.20 per unit 240 units $98.20 per unit 890 units 630 units Sales March 18 eBook March 25 March 29 Sales Totals Print References 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (d) weighted average, and (d) 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. Complete this question by entering your answers in the tabs below.. Weighted Part 3 of 4 Required information Compute un cong very using raru Goods Purchased Perpetaal FIFO: Cost of Goods Sold Dat of units Cost per unit # of units sold Cost per Cost of Goods Sold unit Cost per # of units unit Inventory Balance Inventory Balance 12.5 poin March 11 210 at $53.20 $ 11,172.00 ebook 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 Perpetual FO 0.00 Perpetual LIFO > P 125 March 1 March S TM5 March March 9 March 18 Total March 18 March 25 TotalMarch 25 29 Perpet LEQ Good Purch Cast of Goods Sold Cost per of units Cost per Cost of Goods Sold Hold inventory Balance Cost per Inventory Balance 210 $5320-511,172 00 Perpetual FIFO. 000 Welghind Pen 34 March 18 purchase, and 140 units from the March 25 purchase 125 Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual uro Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) March 1 Inventory Balance Cost per Weighted Average Petal Goods Purchased Cost of Goods Sold Cost per of units Cost per mit Cost of Goods Sold of units 210 unk $ 5320 Inventory Balance 11.172.00 Average March March March 18 Average March 16 March 25 Ave March 25 March 291 000 PLIFO Specific id> Part 3 of 125 D 3. Compute the cost assigned to ending inventory using ( FIFO, (b) LIFO, (d weighted average, and (d) 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 Complete this question by entering your answers in the tabs below. ol Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 120 units from beginning inventory, 250 uni 5 purchase, 100 units from the March 18 purchase, and 140 units from the Harch 25 purchase Goods Purchased Specific detaion Perpetual FIFO Perpetual UFO Weighted Average Cost of Goods Sold eventory Belance Date Cost per # of unds March 1 March S 230 $53.20 200 March 15 140 558.20 56320- March 25 260 in Goods Puchased 5.11.172 16.296 8.046 16352 Cost per Cost of Goods Sold of units Cost per ventory Balance sold at $53.20 $50 20 $63.20 S 000 $53.20 $58.20 S 0.00 000 $6320- 0.00 16520 $65.20- Tital $ 0.00 $ 0.00 Weighted Average
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