9 Part 3 of 4 25 points 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 Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 175 units @ $65 per unit Mar. 5 Purchase 475 units @ $70 per unit Mar. 9 Sales Mar. 18 Purchase 270 units 575 per unit 495 units @ $100 per unit Mar. 25 Purchase 358 units @ $77 per unit Mar. 29 Sales 318 units $110 per unit Totals 1,270 units 885 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 415 units from the March 5 purchase the March 29 sale consisted of 115 units from the March 18 purchase and 195 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 (e) specific identification. (Round your "average cost per unit" to 2 decimal places.) Periode FIFO Cost of Goods Available for Sale Cost of # of Cost Goods units per unit Available for Sale 175 65.00 $ 11,375 Answer is not complete Cost of Goods Sold Cost Cost of units Goods sold per unit Sold 03 $ 0.00 $ Ending Inventory # of units Cost In ending per unit Inventory Inventory OS 0.00 $ 0 Ending 0 0 Beginning inventory Purchases March 5 March 18 March 25 Total 0 475 70.00 270 $ 75,00 350 77.00 1.270 20.250 26,950 $ 91,825 0 495 X $ 70.00 0X $ 0.00 350 $ 77.00 845 0 Oxs 0x 0.00 0.00 0.00 0 26.950 $61.800 0 Darinin To Anne Anilaha na nennen Finn mun 9 Required information Total 1.270 $ 91,825 845 $61,600 0 Part 3 of 4 b) Periodic LIFO Cost of Goods Sold #of Cost of units Goods per unit sold Sold Cost Cost of Goods Available for Sale Cost of # of Cost Goods units per unit Available for Sale 175 $ 65,00 $ 11,375 25 points Ending Inventory #of units in ending Cost Ending Inventory per unit Inventory $ 0 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 475 270 350 1.270 $ 70,00 $75.00 $ 77.00 33,250 20,250 26,950 91,825 0 0 0 0 c) Average Cost Cost of Goods Sold Cost of Goods Available for Sale Average Cost of #of Cost Goods units Available per unit for Sale 175 $ 11,375 #of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory #of units Average Ending Cost in ending Inventory Inventory per unit Beginning inventory Purchases March 5 March 18 March 25 Total 475 270 350 1.270 33,250 20,250 20,950 $ 91,825 0 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory #of units Cost per unit Cost of Goods Available for Sale $ 11,375 #of units sold Cost per unit Cost of Goods Sold of units in ending inventory Cost per unit Ending Inventory 175 $ 65,00 $ 65,00 $ 0 $ 65,00 $ 0 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 475 270 350 1,270 $ 70.00 $ 75.00 $ 77.00 33,250 20,250 26,950 $ 91,825 $ 70.00 $ 75,00 $ 77.00 OO $ 70.00 $ 75,00 $ 77.00 0 0 0 0 0