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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 Units Sold at Retail Units Acquired at Cost 9e units@ $se.se per unit 220 units @ $55.89 per unit 258 units@ $85.se per unit Date Activities Mar, 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Be units @ $60.80 per unit 140 units @ $62.80 per unit 120 units 595.89 per unit 370 units 530 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 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. 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 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. Specific Identifications Goods Purchased of Date Cost units per unit March 1 Cost of Goods Sold of units Cost Cost of Goods sold per unit Sold Inventory Balance Cost of units per unit Inventory Balance 00 350.80 - 457200 here to search o i file Connect HW CH4 In CTCAINEN Required information Perpetual FIFO: of 4 Goods Purchased #of Cost units Cost of Goods Sold Cost Cost of Goods Sold Inventory Balance Cost Inventory #of units Balance 90 $ 50.80 $ 4,572.00 # of units sold Date per unit per unit per unit March 1 March 5 aped March Book March 18 arences March 25 March 20 Totals 0.00 Prev 6 7 of 7 Next > Required information Perpetual LIFO of 4 Goods Purchased #of Cost units per unit Cost of Goods Sold # of units Cost Cost of Goods Sold sold Date Inventory Balance Cost # of units Inventory Balance 90 @ $ 50.80 = $ 4,572.00 per unit per unit March 1 March 5 oped March Book March 18 erences March 25 March 20 Totals 0.00 DULHIL IUGILIILOLI. UIC MOILIJOIC LUCU VI UTHIS TIVI LEITHU THIVCIRUI OI J UITS TUIN LIIC MOILII U VUILI 5. Required information Complete this question by entering your answers in the tabs below. 3 of 4 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.) pped Weighted Average Perpetual: Goods Purchased #of Date Cost units per unit March 1 Cost of Goods Sold # of units Cost Cost of Goods sold per unit Sold Inventory Balance Cost # of units per unit Inventory Balance 90 $ 50.80 = S 4,572.00 Book March 5 erences Average March March 18 Average March 25 March 20 Totals S 0.00 Required information Weighted Perpetual Fifo Perpetual LIFO Average Specific Id Compute the cost assigned to ending inventory using 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 BD units from the March 25 purchase. Specific Identification Gonds Purchased of Date Cost per unit March 1 Cost of Goods Sold of units Cost Cost of Goods sold Sold Inventory Balance Cost per unit Inventory Balance 550.80 5 4.57200 # of units 90 per unit March 5 es March March 18 March 25 March 20 Totals 0.00 ( Wrighted Average
