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asap Required information ost assigned to ending inventory using specific identification. For specific identification, units sold include 105 units from beginning inventory, 235 March 5
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Required information ost assigned to ending inventory using specific identification. For specific identification, units sold include 105 units from beginning inventory, 235 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 Cost per # of units Cost of Goods Available for Sale # of units sold unit Cost per unit Cost of Goods Sold Ending Inventory # of units Ending in ending unit Inventory inventory $ 0.00 $ 0 Cost per $ 0 $ 0.00 $ 0 0 0.00 0 0.00 0 0 0.00 O 0.00 0 0 0.00 0 0 $ 0 0 S 0 0 $ 0 ********* ***** Check 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. I Date Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 180 units @ $52.60 per unit March 5 Purchase 265 units @ $57.60 per unit March 9 Sales 340 units @ $87.60 per unit March 18 Purchase 125 units @ $62.60 per unit March 25 Purchase 230 units @ $64.60 per unit March 29 Sales 210 units @ $97.60 per unit Totals 800 units 550 units ieu Aveaye . Goods Purchased Cost of Goods Sold Date Cost per Inventory Balance # of units unit # of units sold Cost per unit Cost of Goods Sold Cost per # of units March 1 unit Inventory Balance 180 at $ 52.60 = $ 9,468.00 March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00Step by Step Solution
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