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 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase.
Compute the cost assigned to endina inventory usina FIFO. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{12}{|c|}{ Perpetual LIFO: } \\ \hline \multirow{3}{*}{ Date } & \multicolumn{2}{|c|}{ Goods Purchased } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{6}{|c|}{ Inventory Balance } \\ \hline & \multirow[t]{2}{*}{ " of units } & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \multirow[t]{2}{*}{\begin{tabular}{c} # of units \\ sold \end{tabular}} & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & Cost of Goods Sold & \multicolumn{2}{|c|}{# of units } & \multirow{2}{*}{\begin{tabular}{|c|} \begin{tabular}{c} Cost per \\ unit \end{tabular} \\ $50.00 \\ \end{tabular}} & \multicolumn{3}{|c|}{ Inventory Balance } \\ \hline & & & & & & 100 & at & & = & $ & 5,000.00 \\ \hline \multicolumn{12}{|l|}{ March 5} \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ Total March 5} \\ \hline \multicolumn{12}{|l|}{ March 9} \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ Total March 9} \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ March 18} \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ Total March 18} \\ \hline & & & & & & & & & & & \\ \hline \multirow{2}{*}{\multicolumn{12}{|c|}{ March 25}} \\ \hline & & & & & & & & & & & \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ Total March 25} \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ March 29} \\ \hline & & & & & & & & & & & \\ \hline & . & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ Total March 29} \\ \hline Totals & & & & & 0.00 & & & & & & \\ \hline \end{tabular} Compute the cost assigned to ending inventory using weighted average. Note: Round your average cost per unit to 2 decimal places. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Required information [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. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, ( c ) weighted average, and ( d ) specific identification. For ipecific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below
