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B Required Information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Wamerwoods Company uses
B Required Information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Wamerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March Date March 1 Activities Beginning inventory Purchase Units Acquired at Cost 240 units @ $53.80 per unit Units Sold at Retail March 5 March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Totals 295 units $58.80 per unit 400 units $88.80 per unit 155 units 290 units $63.80 per unit $65.80 per unit 980 units 270 units @ $98.80 per unit 670 units Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, units sold include 135 units from beginning inventory, 265 units from the March 5 purchase, 115 units from the March 18 purchase, and 155 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual Pro Perpetual LIFO Weighted Average Specific Id
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