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Activities March 5 March 9 March 18 March 25 March 29 Sales Purchase Purchase Sales Beginning inventory Purchase [The following information applies to the
Activities March 5 March 9 March 18 March 25 March 29 Sales Purchase Purchase Sales Beginning inventory Purchase [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 March 1 Units Acquired at Cost Units Sold at Retail 150 units Totals: 450 units 220 units 300 units 1,120 units $40 per unit $45 per unit 470 units $75 per unit $50 per unit $52 per unit 260 units $85 per unit 730 units For specific identification, units sold include 40 units from beginning inventory, 430 units from the March 5 purchase, 90 units from the March 18 purchase, and 170 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO, (c) weighted average, and (d) specific identification. your "average cost per unit" to 2 decimal places.) al Parindie FIFO
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