HW 3

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. Compute the cost assigned to ending inventory using (a) FIFO, ( b ) LFO, (c) weighted average, and ( d ) specificidentification. For ipecific identification, units sold include 75 units from beginning inventory, 205 units from the March 5 purchase, 55 units from the March 18 purchase, and 95 units from the March 25 purchase. Compute the cost assigned to ending inventory using FIFO. Deprotuaifio Perpetual LIFO 3. Compute the cost assigned to ending inventory using (d) FIFO, (b) LIFO, ( d ) weighted average, and (d) specific identification. For specific identification, units sold include 75 units from beginning inventory, 205 units from the March 5 purchase, 55 units from the March 18 purchase, and 95 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using LIFO. Perpetual Fifo Wolahted Average Compute the cost assigned to ending inventory using weighted average. Note: Round your average cost-per unit to 2 decimal places. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) UFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 75 units from beginning inventory. 205 units from the March 5 purchase, 55 units from the March t8 purchase, and 95 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Compute the cost ass/gned to ending inventory using specific identification. For specific identification, units sold include 75 units from begin units from the March 5 purchase, 55 units from the March 18 purchase, and 95 units from the March 25 purchase