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3. Compute the cost assigned to ending inventory using (8) FIFO. LIFO. weighted average. and (o) specific identification. For specific identification, units sold include
3. Compute the cost assigned to ending inventory using (8) FIFO. LIFO. weighted average. and (o) specific identification. For specific identification, units sold include 130 units from beginning inventory. 260 units from the March S purchase. 110 units from the March 18 purchase. and ISC units from tine March 2S purchase. Requ Ired In tlon {The following information applies to the questions displayed below) Wamenwods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. March March 18 March 2S March Zg using LIFO. Activit ie s lot1s units units at Cost u nit Lhits Sold at Retail p ssg p SSB @ SSg p sss units p *88.843 un @ *98.se un Cmplete this by FIFO LIFO Compute the cut to ending Goods # of units V.rcl- TotI 5 18 TotI 18 25 Tot-I 25 Tot1 TotI s m tabs LIFO: of Goods sold of cost of Goo ds Sold # of units 220 I nntory
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