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 weighted average. (Round your average cost per unit to 2 decimal places.)

Weighted Average Perpetual:

Date

Goods Purchased

Cost of Goods Sold

Inventory Balance

# of units

Cost per unit

# of units sold

Cost per unit

Cost of Goods Sold

# of units

Cost per unit

Inventory Balance

March 1

220

at

$53.40

=

$11,748.00

March 5

255

at

$58.40

125

at

$53.40

=

$6,675.00

at

$58.40

Average March 5

125

at

$6,675.00

March 9

380

at

$88.40

=

$33,592.00

at

March 18

145

at

$63.40

0

at

$63.40

Average March 18

0

March 25

Average March 25

March 29

Totals

$33,592.00

Required information

Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3

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[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.

Date	Activities	Units Acquired at Cost			Units Sold at Retail
March 1	Beginning inventory	220	units	@ $53.40 per unit
March 5	Purchase	285	units	@ $58.40 per unit
March 9	Sales				380	units	@ $88.40 per unit
March 18	Purchase	145	units	@ $63.40 per unit
March 25	Purchase	270	units	@ $65.40 per unit
March 29	Sales				250	units	@ $98.40 per unit
	Totals	920	units		630	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 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 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 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase.

Specific Identification:
Date	Goods Purchased					Cost of Goods Sold					Inventory Balance
	# of units		Cost per unit	Goods Puchased		# of units sold		Cost per unit	Cost of Goods Sold		# of units		Cost per unit	Inventory Balance
March 1	220	at	$53.40	=	$11,748	125	at	$53.40	=	$6,675.00	95	at	$53.40	=	$5,073.00
March 5	285	at	$58.40	=	16,644	255	at	$58.40	=	14,892.00	125	at	$58.40	=	7,300.00
March 18	145	at	$63.40	=	9,193	105	at	$63.40	=	6,657.00	165	at	$63.40	=	10,461.00
March 25	270	at	$65.40	=	$17,658	145	at	$65.40	=	9,483.00	290	at	$65.40	=	18,966.00
Totals										$37,707.00					$41,8