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Required information 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 Mar. Units Acquired at Cost 240 units 9 $53.80 per unit 295 units @ $58.80 per unit Units Sold at Retail Date Activities 1 Beginning inventory Mar 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 400 units $88.89 per unit 155 units 563.88 per unit 290 units @ $65.80 per unit 980 units 270 units $98.00 per unit 670 units 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 135 units from beginning inventory and 265 units from the March 5 purchase the March 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual Firo Perpetualuro Weighted Average Specified Compute the cost assigned to ending inventory using Firo. Perpetual FIFO Goods Purchased Cost of Goods Sold # of Cost per of units Cost Date Cost of Goods Sold sold units per unit Inventory Balance of units Cost Inventory per unit Balance unit 4 ## here to search Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # of units unit Date Cost per # of units sold Cost of Goods Sold Cost Cost of Goods Sold March 1 per unit Inventory Balance # of units Cost Inventory Balance 240 @ $53.80 = $ 12,912.00 per unit March 5 295 $ 58.80 240 295 $ 53.80 = $58 80 $ 12,91200 17346 00 $ 30 258.00 March 9 135@ $ $ 53.80 $ 58.80 265 7.263.00 15,58200 22 845.00 $53.80 $58 30 $ March 18 155) a $ 63.80 $ 5,111 00 $ 53 80 $ 58 80 563.80 155 9,88900 $ 15,000.00 March 25 March 29