D 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 Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 180 units $52.60 per unit Mar. 5 Purchase 265 units & $57.60 per unit 340 units # $87.60 per unit Mar. 18 Purchase 125 units $62.60 per unit 230 units @ $64.60 per unit Mar. 29 Sales 210 units # $97.60 per unit Totals 800 units 550 units Mar. 9 Sales Mar. 25 Purchase 3. Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consiste of 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 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. D Required information rerpetual Goods Purchased #of Date units unit March 1 Cost of Goods Sold Cost per # of units sold Cost per unit Cost of Goods Sold March 5 265) $57.60 Inventory Balance Cost per Inventory # of units unit Balance 180 @ $ 52,60 = $ 9,468.00 180 @ $ 52.60 = $ 9,468.00 265] @ $57.60 = 15,264.00 $ 24,732.00 180 @ $ 52.60 = $ 9,468.00 210 @ $57.60 = 12,096.00 $ 21,564.00 March 9 235) 105 @ $ 52.60 $57.60 12,361.00 6,048.00 18,409.00 $ March 18 125 @ $ 62.60 @ @ $ 52.60 $ 57.60 $ 62.60 March 25 March 29 Totals $ 18,409.00 ducation.com/ext/map/index.html?_conecond external browser=U&18 Saved Required information Perpetual LIEU Goods Purchased # of Cost per unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Date Inventory Balance # of units Cost per Inventory unit Balance 180 @ $ 52.60 - $ 9,468.00 March 1 March 5 March 9 March 18 March 25 March 29 Total $ 000l Prey 7 8 of 8 !!! Next > Search or type URL # & Saved Required information 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: Goods Purchased Date # of Cost per units unit March 1 March 5 Cost of Goods Sold #of units Cost per Cost of Goods Sold sold unit Inventory Balance of units Cost per Inventory Balance unit 180 @ $ 52.60 - $ 9,468.00 Average March 9 March 18 Average March 25 March 29 Totals 0.00 Search or type URL @ $ & ( 3 4 5 6 7. 8 8 9 W C
