Check my work 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 Units sold at Retail Units Acquired at Coat 250 units $50.00 per unit 300 units 559.00 per unit Date March 1 March 5 March March 13 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 410 units + $89.00 per unit 160 units $64.00 per unit 300 units @ $66.00 per unit 280 units $99.00 per unit 690 units 1,010 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. ( weighted average, and (dspecific identification. For specific identification units sold include 140 units from beginning inventory, 270 units from the March 5 purchase, 120 units from the March 18 purchase, and 160 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO perpetual uro Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetunt: Goods Purchased Cost of Goods Sold Inventory Balance Date Cost of units Cost per of units sold Cost per unit Cost of Goods Sold per unit of units unit Inventory Bali March 1 250 at $ $ 13,50 54.00 - March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals 5 0.001 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. 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 Totals Units Acquired at Cost 250 units @ $54.00 per unit 300 units @ $59.00 per unit 160 units $64.00 per unit 300 units e$66.00 per unit 410 units @ $89.00 per unit 1,010 units 280 units @ $99.00 per unit 690 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO, (weighted average, and (c) specific Identification. For specific identification, units sold include 140 units from beginning inventory, 270 units from the March 5 purchase, 120 units from the March 18 purchase, and 160 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 specific identification. For specific identification, units sold include 140 units 5 purchase, 120 units from the March 18 purchase, and 160 units from the March 25 purchase. Specific Identification DATA Goods Purchased Cost Goods of units per unit Puchased 250 ml $ 54.00 $ 13,500 300 at $59.00 17,700 160 $ 64.00 10.240 300 at $ 66.00 $ 19,800 March 1 March 5 March 18 March 25 Totais ** Cost of Goods Sold #of units Cost sold Cost of Goods Sold per unit at $ 54.00 $ 0.00 at $59.00 at $ 64.00 0.00 at $ 66.00 Inventory Balance # of units Cont Inventory per unit Balance at $ 54.00 = $ 0 at $59.00 at $64.00 at $66.00 $ 0 : $ 0.00
