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ATV Co. began operations on March 1 and uses a perpetual inventory system. It entered into purchases and sales for March as shown in the

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ATV Co. began operations on March 1 and uses a perpetual inventory system. It entered into purchases and sales for March as shown in the Tableau Dashboard. Mar 01: Purchase, 100 units, 50 each. Mar 05: Purchase, 400 units, 55 each. Mar 09: Sales, 420 units, 85 each. Mar 18: Purchase, 120 units, 60 each. Mar 25: Purchase, 200 units, 62 each. Mar 29: Sales, 160 units, 95 each. 1. Compute the cost assigned to ending inventory using FIFO. 2. Compute the cost assigned to ending inventory using LIFO. 3. Compute the cost assigned to ending inventory using Weighted Average. Perpetual FIFO Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit Cost per of units sold Cost per unit Cost of Goods Sold 100 $ 50.00 March 1 March 5 # of units unit Inventory Balance 100 @ $50.00 = $ 5,000.00 March 9 March 18 March 25 March 29 Totals Perpetual LIFO Cost of Goods Sold Inventory Balance of units Date Goods Purchased #of Cost per unit units 100 50.00 Cost per unit Cost of Goods Sold of units Cost per unit Inventory Balance sold March 1 100 $ 50.00 = $ 5,000.00 March 5 March 9 March 18 March 25 March 20 Totals Required 1 Required 2 Required 3 Compute the cost assigned to ending inventory using Weighted Average. (Round your average cost per unit to 2 decimal places.) Weighted Average. Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date of units Cost per unit # of units sold Cost per unit Cost of Goods Sold of units Cost per unit Inventory Balance 1001 $ 50.00 100 $ March 1 March 5 50.00 5 5,000.00 Average March 9 March 18 Average March 25 March 20 Totals

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