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All parts please! Information The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following
All parts please!
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 Data March 1 March 5 March 9 March 18 March 25 March 29 Units Acquired at cost 200 units $50 per unit 400 unita $55 per unit Units sold at Retail Activities Deginning inventory Purchase Sales Purchase Purchase Sales Totala 420 units $85 per unit 120 units 200 units $60 per unit $62 per unit 820 units 160 units 595 per unit 580 units 3. Compute the cost assigned to ending Inventory using (6) FIFO, (D) LIFO. ( weighted average, and (d) specific Identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase. 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual Fifo Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO Cost of Goods Sold Cost per Goods Purchased Cost per Date of units Inventory Balance Cost per 3. Compute the cost assigned to ending inventory using (a) FIFO, (6) LIFO, (weighted average, and (d) specific identification. For specific identification, units sold include 80 units from beginning Inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO perpetual ufo Weighted Average Specific id Compute the cost assigned to ending Inventory using FIFO. Goods Purchased Date Perpetual FIFO: Cost of Goods Sold Cost per Cost of Goods Sold unit of units Cost per Inventory Balance unit of units sold Cost per March 1 of units 100 st unit Inventory Balance $50,00 - $ 5.000.00 March 6 Total March 5 March 9 Total March March 18 Total March 18 RTV Required Information Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals $ 0.00 $ 0.00 Perpetual LIFO > Required information Date Goods Purchased of units Cost per unit PerpetuLIFO Cost of Goods Sold Cost per Cost of Goods Sold unit of units sold March 1 Inventory Balance Cost per of units unit Inventory Balance 100 at $ 50,00 $ 5,000.00 March 5 Total March March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Step by Step Solution
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