i am having trouble w this question . Pic #2 has the instructions
Required information Problem 5-1A (Static) Periodic: Alternative cost flows LO P1 The following information applies to the questions displayed below.) Wamerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units sold at Retail Kar. Date Activities Mar. 1 Beginning inventory 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar 25 Purchase Mar 29 Sales Totals Units Acquired at Cost 100 units @ $50 per unit 400 units@ $65 per unit 120 units $60 per unit 200 units@ $62 per unit 420 units@ $as per unit 820 units 100 units @ $95 per unit 580 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March Problem 5-1A (Static) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification (Round your average cost per unit to 2 decimal places.) a) Periodic FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost per unit Goods Available for Sale 100 $ 50.00 $ 5,000 Cost of W of units sold Cost per unit Goods Sold 100 $ 50.00 $ 5.000 #of units in ending Cost per unit inventory Ending Inventory ols 0.00 $ 0 Beginning inventory Purch Mich 5 March 18 March 25 Total 0 $ 0.00 0 400 $ 1201 $ 2005 820 55.00 60.00 62.00 22.000 7,200 12.400 $ 46,600 4000 $ 120 $ 2005 820 55.00 60.00 62.00 22.000 7,200 12.400 $ 46,600 62.00 2005 200 0 12.400 $ 12.400 Cost of Goods Sold b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods # of units Cost per unit Available for Sale 100 $ 50.00 $ 5,000 Ending Inventory # of units Ending in ending Cost per unit Inventory inventory # of units sold Cost of Goods Sold Cost per unit 55.00 Beginning inventory Purchases March 5 March 18 March 25 Total 400 $ 120$ 200 $ 820 60.00 62.00 22,000 7,200 12,400 $ 46,600 0 0 Average Cost Cost of Goods Sold Cost of Goods Available for Sale Cost of # of units Average Cost Goods per unit Available for Sale 100 $ 5,000 # of units Average Cost sold Cost of Goods Sold Ending Inventory # of units in ending Average Cost Ending Inventory per unit inventory per Unit 400 Beginning inventory Purchases March 5 March 18 March 25 Total 120 200 820 22,000 7,200 12,400 $ 46,600 0 $ d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods #of units Cost per unit Available for Sale 100 $ 50.00 $ 5.000 # of units sold Cost per unit Cost of Goods Sold # of units in ending Cost per unit inventory Ending Inventory 0 $ 50.00 $ 0 Beginning inventory Purchases March 5 March 18 March 25 Total 0 $ 0 400 $ 120 $ 200 $ 820 55.00 60.00 62.00 22.000 7,200 12,400 $ 46,600 0 55 00 60.00 62.00 $ $ 0 0 0 0 0
