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Check my Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following

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Check my Required 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 ed Units Sold at Retail Mar. Units Acquired at Cost 200 units @ $53.00 per unit 275 units @ $58.00 per unit mt 360 units @ $88.00 per unit Date Activities 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 135 units @ $63.00 per unit 250 units @ $65.00 per unit nces 230 units @ $98.00 per unit 590 units 860 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 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. Check my w O Required information Cost of Goods Sold Goods Purchased # of Cost per # of units units unit sold Cost per cost of Goods Sold Date Inventory Balance # of units Cost per Inventory unit Balance 200 @ $ 53.00 = $ 10,600.00 unit March 1 ed March 5 200 @ $55.00 @ $ 53.00 $ 55.00 = 2001 @ 11,000.00 $ 11,000.00 at nces March 9 $ @ 50 @ 160 @ $ 53.00 $ 55.00 2,650.00 8,800.00 11,450.00 $ 53.00 $ 55.00 = 40 @ 2,200.00 $ 2,200.00 $ March 18 60 @ $ 60.00 @ $ 53.00 40 @ $55.00 = 60 @ $ 60.00 = 2,200.00 3,600.00 $ 5,800.00 March 25 100 @ $ 62.00 @ 40 @ $ 53.00 $ 55.00 = $ 60.00 = $ 62.00 = 60 @ 2,200.00 3,600.00 6,200.00 $ 12,000.00 100 @ March 29 @ $ @ $ 53.00 40 @ = @ $ 53.00 $ 55.00 $ 60.00 $ 62.00 0.00 2,200.00 2,400.00 0.001 40 @ 20 @ $ 55.00 $ 60.00 = $ 62.00 = 1,200.00 6.200.00 @ 1001 @ Check my w Required information Goods Purchased # of Cost per # of units units unit sold Cost of Goods Sold Cost per cost of Goods Sold unit Date Inventory Balance Cost per Inventory # of units unit Balance 200 @ $ 53.00 = $ 10,600.00 March 1 ed March 5 200 @ $55.00 @ $ 53.00 2001 @ $ 55.00 = 11,000.00 at $ 11,000.00 nces March 9 @ 200 @ $53.00 10 @ $ 55.00 $ 10,600.00 550.00 $ 11,150.00 $ 53.00 = $ 55.00 = = @ March 18 60 @ $ 60.00 @ @ 60 @ $ 53.00 $ 55.00 $ 60.00 = 3,600.00 3,600.00 $ March 25 100 @ $ 62.00 @ @ $ 53.00 $ 55.00 $ 60.00 = $ 62.00 60 @ 100 @ 3,600.00 6,200.00 $ 9,800.00 March 29 @ $ @ $ 53.00 $ 55.00 $ 60.00 0.00 0.00 @ @ $ 53.00 $ 55.00 $ 60.00 = @ 0.00 60 @ 3,600.00 Check my w Required information Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Cost of Goods Sold ed Weighted Average Perpetual: Goods Purchased Date Cost per # of units units unit sold March 1 # of Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per Inventory Balance unit $ 53.00 = $ 10,600.00 200 @ at March 5 2001 @ $ 55.00 53.00 nces @ $ 200 @ $ 200 @ 55.00 = 11,000.00 $ 11,000.00 Average March 9 210 @ $ 54.00 $ 11,340.00 @ March 18 60 @ $60.00 0 60.00 Average 0 March 25 80 @ $ 59.80 March 29 Totals $ 4,784.00 $ 16,124.00 Check my w Required information wuuus rugliaseu HVETTUI Y Ddinicu # of units Date UUSI VI UUUUS JUIN # of units Cost per Cost of Goods sold unit Sold Cost per unit # of units Cost per Inventory Balance unit $ 53.00 = $ 10,600.00 March 1 200 @ ed March 5 mt March 9 nces March 18 March 25 March 29

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