I need an Explanation and Solution Please
Connect Homework - Chapter 5 0 Saved Help Save & Exit Submit Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 (The following information applies to the questions displayed below.] Part 2 of 2 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. points Units Sold at Retail Units Acquired at Cost 90 units @ $50.80 per unit 220 units @ $55.80 per unit eBook 250 units @ $85.89 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 80 units @ $60.80 per unit 140 units @ $62.80 per unit References 120 units@ $95.80 per unit 370 units 530 units Problem 5-1A Part 3 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 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. Connect Homework - Chapter 5 Saved Help Save & Exit Submit Problem 5-1A Part 3 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 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. Part 2 of 2 Complete this question by entering your answers in the tabs below. points Book Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Print Compute the cost assigned to ending inventory using FIFO. References Perpetual FIFO Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per cost of Goods Sold unit Cost of Goods Sold Date # of units sold Inventory Balance #of units of units Cost per Inventory Balance 90 @ $50.80 - $ 4,572/ March 1 March 5 March 9 Required information Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Part 2 of 2 Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Date Inventory Balance Cost per Inventory #of units unit Balance 90 @ $50.80 = $ 4,572 March 1 points March 5 Book March 9 References March 18 March 25 Connect Homework - Chapter 5 Saved Help Save & Exit Submit HARI Required information March 18 Part 2 of 2 March 25 points eBook References Totals Porn FIFO Perpetual LIFO > Connect Homework - Chapter 5 Help Save & Exit Submit Required information March 18 March 25 March 29 Totals Connect Homework - Chapter 56 Saved Help Save & Exit Submit Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Part 2 of 2 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal plac points Neighted Average Perpetual: Goods Purchased # of Date Cost per unit Cost of Goods Sold Wof units Cost per Cost of Goods Sold sold Inventory Balance #of units Cost per o p Inventory Balance 90 @ $50.80 $ 4,572.00 units March 1 eBook March 5 Print References lverage March 9 March 18 Average March 25 March 29 Totals Required information Weighted Average Perpetual: Goods Purchased of Cost per Date units unit March 1 Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Part 2 of 2 Inventory Balance # of units Cost per Inventory Balanc unit 90 @ $50.80 = $ 4,5721 March 5 points Average March 9 eBook March 18 References Average March 25 March 29 Totals Connect Homework - Chapter 5 Saved Help Save & Exit Submit Required information Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Part 2 of 2 Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale con and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 uni points Specific Identification: Goods Purchased # of Cost per units unit March 1 Cost of Goods Sold Cost per Cost of Goods unit Sold eBook Date # of units sold Inventory Balance # of units Cost per of units unit Inventory Balanc 90 @ $50.80 = $ 4,572. References March 5 March 9 March 18 Connect Homework - Chapter 5 Help Save & Exit Submit Required information r answers in the taps below. Specific Id Part 2 of 2 ry using specific identification. For specific identification, the March 9 sale consisted of 60 units from beginning inventory e March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. points Cost of Goods Sold funits Cost per cost of Goods sold unit Sold eBook Inventory Balance #of units Cost per Inventory Balance unit 90 @ $50.80 = $ 4,572.00 Print References Connect Homework - Chapter 5 Saved Help Save & Exit Submit Required information Part 2 of 2 Specific Identification: Goods Purchased # of Date Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units cost per Inventory Balance 90 @ $50.80 = $ 4,572.00 March 5 points eBook March 9 Print References March 18 March 25 March 29 Connect Homework - Chapter 5 Saved Help Save & Exit Submit Required information March 18 Part 2 of 2 March 25 points eBook Print March 29 References Totals
