G HOMEWORK Saved Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date March 1 Activities Beginning inventory March 5 March Sales March 18 March 25 Purchase Purchase March 29 Purchase 150 units 250 units $52.00 per unit $57.00 per unit 110 units 200 units $42.00 per unit $44.00 per unit Sales Total 710 wit 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO ( weighted average, and (d specific identification. For specific identification, units sold include 90 units from beginning inventory, 220 units from the March 5 purchase, 70 units from the March 18 purchase, and 110 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual Firo Perpetual LIFO Specie d Compute the cost assigned to ending inventory using FIFO Goods Purchased Perpetual FIFO Cost of Goods Sold ventory Balance Date of units Cost per unit of units sold unit Cost per Cost of Goods Sold Cost per ventory of units 150 Lunit $12.00 Balance 70000 March 1 < Prev 3 4 Next > Help Save & Exit Submit Check my work Wamerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Units Acquired at Cost $52.00 per unit Units Sold at Retail Activities Beginning inventory 150 units Purchase 250 units @ $57.00 per unit Sales Purchase Purchase Sales 310 units $87.00 per unit 110 units 200 units $62.00 per unit @ $64.00 per unit Totals 710 units 180 units @$97.00 per unit 490 units 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 90 units from beginning inventory, 220 units from the March 5 purchase, 70 units from the March 18 purchase, and 110 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. Goods Purchased Perpetual FIFO: Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units March 1 150 at Cost per unit $52.00 Inventory Balance $ 7,800.00