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Compute the cost assigned to ending inventory using LIFO Required information The following information applies to the questions dispiayod bevons] Wanerwoods Company uses a perpetual
Compute the cost assigned to ending inventory using LIFO
Required information The following information applies to the questions dispiayod bevons] Wanerwoods Company uses a perpetual inventory system it entered into the following putchases and sales transactions for March pecific identification, unis sold include 130 units from beginning inventory, 260 units from the March 5 purchase, Ho units from the tarch th putchses, and 150 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory uting ctfo Required information \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{11}{|c|}{ Perpetual LIFo: } \\ \hline \multirow[b]{2}{*}{ Date } & \multicolumn{2}{|c|}{ Goods Purchasod } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{5}{|c|}{ Inventory Batance } \\ \hline & A of unite : & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \begin{tabular}{l} \# 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} Cost por \\ unit \\ $53.60 \\ \end{tabular}} & \multicolumn{2}{|r|}{\begin{tabular}{l} Inventory \\ Balance \end{tabular}} \\ \hline March 1 & & & & & & 230 & at & & = & s. 12,328.00 \\ \hline \multicolumn{11}{|l|}{ March 5} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 5} \\ \hline \multicolumn{11}{|l|}{ March 9} \\ \hline Marchy & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 9} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ March 18 } \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 18} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ March 25 } \\ \hline Marci 20 & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 25} \\ \hline & & & & & & & & & & \\ \hline \multirow{2}{*}{\multicolumn{11}{|c|}{ March 29}} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Totar March 29} \\ \hline Yotals & & & & & 0.00 & & & + & & \\ \hline \end{tabular} Step by Step Solution
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