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Mar. Wornerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost

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Mar. Wornerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units Soldat Retail 1 Beginning inventory 100 units @ $50.00 per unit Har. 5 Purchase 400 units $55.00 per unit Mar. 9 Sales 428 units & $85.09 per unit Mar. 18 Purchase 120 units 560.00 per unit Mar. 25 Purchase 200 units@ $62.00 per unit Mar. 29 Sales 160 units 595.00 per unit Totals 820 units 580 units Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO (D) LIFO. (e) weighted average, and (d) specific identification For specific identification, the March 9 sale consisted of 80 units from beginning Inventory and 340 units from the March 5 purchase the March 29 sale consisted of 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. Pertus FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetu Good chased Cost per unit of units sold Costol Goods Sold Cost per Cost of Goods Sold Inventory Balance of units Cost per Inventory und Balance 100 $50.00 = $ 5.000.000 Perpetual FIFO: Goods Purchased Fol Cost per unit Cost of Goods Sold Cost per Cost of Goods Sold unit Date #ol units sold Cost per Inventory Balance Inventory of units uni Balance 100 @ $ 50.00 $5,000.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals PIRELLI LIVE Goods Purchased it of units unit Cost per Cost of Goods Sold Cost per cost of Goods Sold unit Date # of units sold Inventory Balance Cost per Hof units Inventory Balance 100 @ $50.00 $ 5,000.00 March 1 March 5 March 9 March 18 March 25 March 20 Total 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: Goods Purchased Dato # of Cost per units unit March 1 #of units sold Cost of Goods Sold Cost per unit Cost of Goods Sold Inventory lance Cost per of units ht triventory Balance 100 @ 550.00 s 5,000.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals TE Specific Identification: Good chased For Date Cont per unt March 1 of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Inventory Bomine of units Inventory unit Balice 100 @ $50.00 = $5,000.00 Cost per March 5 March 9 March 18 March 25 March 29 Total

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