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Check my world Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [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. Units Sold at Retail Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 340 units @ $87.60 per unit 125 units 230 units @ $62.60 per unit @ $64.60 per unit 210 units @ $97.60 per unit 550 units Totals 800 units oblem 5-1A (Algo) Part 3 Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [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. Units Sold at Retail Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit 340 units @ $87.60 per unit 125 units @ $62.60 per unit 230 units @ $64.60 per unit Totals 210 units @ $97.60 per unit 550 units 800 units Required information Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 105 units from units from the March 5 purchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase. Specific Identification Goods Available for Sale Cost of Goods Sold Date # of units Cost per Cost per unit Cost of Goods Available for # of units Sale $ 0 Cost per sold Cost of Goods Sold unit Ending Inventory # of units Ending in ending unit Inventory inventory $ 0.00 $ March 1 $ $ 0.00 $ 0 $ March 5 0.00 0 0.00 0 March 18 0.00 0 0.00 0 March 25 0 0.00 0 Total 0 $ 0 0 $ 0 0 $ 0 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Goods Purchased Weighted Average Perpetual: Cost of Goods Sold Date Inventory Balance Cost per # of units # of units sold unit Cost per unit Cost per Cost of Goods Sold # of units unit Inventory Balance March 1 180 at $ 52.60 = $ 9.468.00 March 5 Average March 5 March 9 March 18 Average March 18 Required information March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00 Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Date Goods Purchased Cost per # of units unit Cost per # of units sold Cost per unit Cost of Goods Sold Inventory Balance Inventory # of units unit Balance 180 at $ 52.60 = S 9,468.00 March 1 March 5 Total March 5 March 9 Total March 9 TOlal ivial March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals 0.00 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date Cost per # of units Cost per unit # of units sold Cost per Cost of Goods Sold unit Inventory Balance Inventory # of units unit Balance 180 at $ 52.60 = $ 9,468.00 March 1 March 5 Total March 5 March 9 Total March 9 March 18 Required information March 18 Total March 18 March 25 Total March 25 es March 29 Total March 29 Required information of 4 March 25 Total March 25 March 29 ok nt Total March 29 ences Totals $ 0.00 Perpetua FFD Perpetual LIFO > Check my world Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [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. Units Sold at Retail Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 340 units @ $87.60 per unit 125 units 230 units @ $62.60 per unit @ $64.60 per unit 210 units @ $97.60 per unit 550 units Totals 800 units oblem 5-1A (Algo) Part 3 Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [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. Units Sold at Retail Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit 340 units @ $87.60 per unit 125 units @ $62.60 per unit 230 units @ $64.60 per unit Totals 210 units @ $97.60 per unit 550 units 800 units Required information Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 105 units from units from the March 5 purchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase. Specific Identification Goods Available for Sale Cost of Goods Sold Date # of units Cost per Cost per unit Cost of Goods Available for # of units Sale $ 0 Cost per sold Cost of Goods Sold unit Ending Inventory # of units Ending in ending unit Inventory inventory $ 0.00 $ March 1 $ $ 0.00 $ 0 $ March 5 0.00 0 0.00 0 March 18 0.00 0 0.00 0 March 25 0 0.00 0 Total 0 $ 0 0 $ 0 0 $ 0 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Goods Purchased Weighted Average Perpetual: Cost of Goods Sold Date Inventory Balance Cost per # of units # of units sold unit Cost per unit Cost per Cost of Goods Sold # of units unit Inventory Balance March 1 180 at $ 52.60 = $ 9.468.00 March 5 Average March 5 March 9 March 18 Average March 18 Required information March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00 Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Date Goods Purchased Cost per # of units unit Cost per # of units sold Cost per unit Cost of Goods Sold Inventory Balance Inventory # of units unit Balance 180 at $ 52.60 = S 9,468.00 March 1 March 5 Total March 5 March 9 Total March 9 TOlal ivial March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals 0.00 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date Cost per # of units Cost per unit # of units sold Cost per Cost of Goods Sold unit Inventory Balance Inventory # of units unit Balance 180 at $ 52.60 = $ 9,468.00 March 1 March 5 Total March 5 March 9 Total March 9 March 18 Required information March 18 Total March 18 March 25 Total March 25 es March 29 Total March 29 Required information of 4 March 25 Total March 25 March 29 ok nt Total March 29 ences Totals $ 0.00 Perpetua FFD Perpetual LIFO >