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Help please Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below) Warnerwoods Company uses a
Help please
Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 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 Unit 10 Units Acquired at cost 100 units 552.60 per unit 265 units $57.00 per unit Dato Activities Mari Beginning inventory Mar 5 Purchase Mar. Sales Mar. 18 Purchase Mar 25 Purchase Mar 29 Sales Totals 340 units $87.00 per unit 125 units 562.00 per unit 230 units@ $64.60 per unit 210 units $97.00 per unit 550 units 300 units Problem 5-1A Part 3 3. Compute the cast assigned to ending inventory using {a) FIFO. (LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted 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. Step by Step Solution
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