A PAFF Required information 970 $ 65,025 605 S 38,975 305 $ 21,850 Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale 125 $ 60.00 $ 7,500 of units Cost per sold unit Cost of Goods Sold # of units in ending Inventory Cost per unit Ending Inventory 125 $ 60.00 $ 7,500 Beginning inventory Purchases March 5 March 18 March 25 180 65.00 11,700 425 170 250 970 $ 65,00 $ 70.00 $ 72.00 27.625 11.900 18.000 $65.025 185 $ 65.00 170 $ 7000 250 72.00 12.025 11.900 18.000 $ 41.925 305 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods of units Cost per Available for Sale of units sold Average cost per Unit Cost of of units Average Goodsin ending Cost per Sold inventory unit Ending Inventory 125 $ 7,500 Beginning inventory Purchases: March 5 March 18 March 25 Total 425 170 250 970 27 625 11.300 18.000 $ 65,025 $ 60.75 000 $ 66.75 $ 40,384 305 $ 66.75 $ 20,359 d) Specific Cost of Goods Available for Sale Cost of Gods Sold Ending Inventory of units Cost per unit Cost of Goods Available for Sale $ 7500 of units sold Cost per unit Cost of Goods Sold of units in ending Inventory Cost per unit Ending Inventory 125 $ 0.00 50.00 Beginning inventory Purchases $65.00 425 170 $ $ 65.00 70.00 27.625 11.000 $ 65.00 $ 70.00 $ 72.00 970 SOS p 6 - HW - Required google calculator - Googl Saved Help Problem 6-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales tran for March Units sold fit Retail Units Acquired at Cost 125 unitse $60 per unit 425 unitse $65 per unit 445 units $95 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 170 unitse $70 per unit 250 unitse $72 per unit 210 unitse $105 per unit 655 units 970 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 365 units from the purchase, the March 29 sale consisted of 65 units from the March 18 purchase and 145 units from the March 25 pun Problem 6-2AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identificat your average cost per unit to 2 decimal places.) a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units of units Cost per unit Cost of Goods Available for Sale $ 7.500 Cost per unit sold Cost of of units Goodsin ending Cost per Sold unit Inventory $ 7500 $ 0.00 Ending Inventory Beginning inventory 125 $ 60.00 125 $ 60.00 $ 0 1 Purchases March 5 $ 65,00 70.00 $ 72.00 425 5S $ 65,00 $ 70.00 27.625 3.850 425 170 250 070 $ $ 27,625 11.900 18.000 $ 65,025 0.00 70,00 72.00 55 250 3 05 March 25 37850 18.000 $ 21,850 605 $38.975 b) Parodie LIFO Cost of Goods Sold Ending Inventory Coat of Goods Available for Sale Cost of Goods Cost per of unite unit of units Cost per Cost of Goods of units in ending Inventory Cost per unit Ending Inventory
