I need help with
- Perpetual FIFO
- Perpetual LIFO
- Weighted Average
- Specific Id
3 ! Required information Part 3 of 4 [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. 0.83 points Units Sold at Retail Units Acquired at Cost 100 units @ $50 per unit 400 units @ $55 per unit eBook Date March 1 March 5 March 9 March 18 March 25 March 29 420 units @ $85 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Print 120 units 200 units @ $60 per unit @ $62 per unit 160 units 580 units @ $95 per unit References 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, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 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 3 Required information Perpetual Fir Perpeludi LINO Average Speculic IU Part 3 of 4 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold 83 oints Date Goods Purchased Cost per # of units unit # of units sold Cost per Cost of Goods Sold Cost per unit March 1 Inventory Balance # of units unit Inventory Balance 100 at $ 50.00 = $ 5,000.00 100 at $ 50.00 = $ 5,000.00 400 at $ 55.00 22,000.00 $ 27,000.00 400 at $ 55.00 eBook March 5 = Total March 5 Print 100 at $ 50.00 $ 0 at March 9 $ 50.00 $ 55.00 at 5,000.00 0.00 5,000.00 $ 55.00 at Total March 9 $ References 120 at $ 60.00 at March 18 at $ 50.00 $ 55.00 $ 60.00 at Total March 18 200 at $ 62.00 at at March 25 $ 50.00 $ 55.00 $ 60.00 $ 62.00 at at Total March 25 0 160 March 29 Total March 29 Totale Ennnnn nnn 3 Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id art 3 of 4 Compute the cost assigned to ending inventory using LIFO. 83 oints Date Goods Purchased # of units Cost per unit Perpetual LIFO: Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Inventory Balance # of units Cost per Inventory Balance unit 100 at $ 50.00 = $ 5,000.00 March 1 eBook 400 at $ 55.00 1000 at $ 5,000.00 March 5 $ 50.00 = $ 55.00 at $ Total March 5 Print 5,000.00 at $ at March 9 $50.00 $ 55.00 0.00 0.00 $ 50.00 = $ 55.00 = at at References Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 10 raw 2 3. Compute the cost assigned to ending inventory using (a) FIFO, (6) LIFO, () weighted average, and (d) specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 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 weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unit Inventory Balance Date Goods Purchased Cost per # of units unit # of units Cost per Inventory Balance March 1 100 at $50.00 = $ 5.000.00 March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00 Check my work 3 Totals 820 units 580 units Part 3 of 4 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (C) weighted average, and (d) specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. 0.83 points Complete this question by entering your answers in the tabs below. eBook Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Print Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. References Specific Identification Goods Available for Sale Cost of Goods Sold Date Cost per # of units Cost per unit Cost of Goods Available for Sale # of units sold Ending Inventory # of units Cost per Ending in ending unit inventory Inventory $ 0.00 $ 0 Cost of Goods Sold unit March 1 $ 0 $ 0.00 $ 0 0 0.00 0 0.00 0 March 5 March 18 0 0.00 0 0.00 0 March 25 0 0.00 0 Total 0 0 0 $ 0 0 $ 0
