i need help on these four FIFO, LIFO, Weight average, Specific ID
Chapter 05 - Problem 1 (P5-2A) O Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Unita Aequired at Coat 60 units $50.20 per unit 205 units $55.20 per unit 220 units Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals $85.20 per unit 55 unito 110 unita $60.20 per unit $62.20 per unit points 90 units $95.20 per un 440 units po no lo p" l! w 3. Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 45 units from beginning inventory and 175 units from the March 5 purchase the March 29 sale consisted of 25 units from the March 18 purchase and 65 units from the March 25 purchase. Complete this questions by entering your answers in the below tabs. Perpetual FIFO Perpetual LIFO Welged Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost per units unit Cost of Goods Sold of units Cont per cost of Goods sold unit All Sold Sold Inventory Balance of units i Cost per une Inventory Balance 60 50.20 53.012.00 March 1 Prex 314 of 4 Next > Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO orynce Goods Purch of Cost unis per un Coat of Goods Sold of units Cost Cost of Goods sold per unit Sold h #of unite Date $50.205 3.0120. March March 18 March 25 March 29 Welighted Average Specific id Compute the cost assigned to ending inventory using LFO. Perpetual LIFO sed Senter Sonde Self Anteny Balne Cocoat geloof unit pe Dean 60 @ $50 20 = . March March 5 March 9 March 18 March 25 Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places. poed Welghted Average Perpetual: Goods Purchased Dante #of Coal units per unit March 1 Cost of Goods Sold of units Cost Cost of Goods s old per unit Sold Inventory Balance Cost Inventory of units un Balance 60 @ $50.20 $ 3.012.00 BOR March 5 Average Print March 9 March 18 erences Average March 25 March 29 Totals Perpetual LIFO Specific Id > Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 45 units from beginning inventory and 175 units from the March 5 purchase, the March 29 sale consisted of 25 units from the March 18 purchase and 65 units from the March 25 Specific Identification: Goods Purchased $50 20 DUZIO March 9 March 18 AM
