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Inventory Project i Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.) Part 3 of 4 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. points Date Activities Units Sold at Retail Mar. Beginning inventory Mar. 5 Purchase Units Acquired at Cost 100 units@ $50.00 per unit 400 units@ $55.00 per eBook 400 units unit Mar. 9 Sales 420 units @ $85.00 per unit Print Mar. 18 Purchase 120 units@ $60.00 per unit Mar. 25 Purchase 200 units@ $62.00 per 200 units unit References Mar. 29 Sales 160 units@ $95.00 per unit 580 units Totals 820 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. 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 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. Perpetual FIFO: Mc Graw Hill Inventory Project i Saved Help Save & Exit Submit Check my work Required information Part 3 of 4 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. points Perpetual FIFO: Inventory Balance Goods Purchased # of Cost per units unit Date # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit # of units 100 @ own ite Inventory Balance $ 50.00 = $ 5,000.00 eBook March 1 March 5 Print March 9 References March 18 March 25 March 29 Totals $ 0.00 $ 0.00 Mc Graw Hill Education 9:01 AM Inventory Project 6 Saved Help Save & Exit Submit Check my work Required information Part 3 of 4 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. points Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold Cost per unit Date # of units sold Inventory Balance # of units Cost per Inventory Balance 100 @ $50.00 = $ 5,000.00 eBook March 1 March 5 Print March 9 References March 18 March 25 March 29 Mc Graw Hill Education Inventory Project A Saved Help Save & Exit Submit Check my work 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. 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 25 purchase. Part 3 of 4 Complete this question by entering your answers in the tabs below. points Perpetual FIFO Perpetual LIFO Weighted Average Specific Id eBook Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Print Cost of Goods Sold Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit March 1 # of units sold Cost per Cost of Goods Sold unit Inventory Balance # of units Cost per unit te Inventory Balance 100 @ $50.00 = $ 5,000.00 References March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 MC Graw Hill Education Inventory Project A Saved Help Save & Exit Submit Check my work Required information Part 3 of 4 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. 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 25 purchase. points Cost of Goods Sold Specific Identification: Goods Purchased Cost per # of Date units unit March 1 # of units sold Cost per Cost of Goods Sold Inventory Balance # of units Cost per Inventory Balance unit " 100 @ $50.00 = $ 5,000.00 eBook unit March 5 Print References March 9 March 18 March 25 March 29 Mc Graw Hill Education
