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need answers for ALL the necessary blanks, Please & thank you! 6/12 [The following information applies to the questions displayed below] Warnerwoods Company uses a

need answers for ALL the necessary blanks, Please & thank you! 6/12
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[The following information applies to the questions displayed below] Warnerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 130 units $65 per unit March 5 Purchase 430 units 578 per unit March 9 Sales 450 units 5100 per unit March 18 Purchase 180 units $75 per unit March 25 Purchase 260 units 577 per unit March 29 Sales 220 units @ 5110 per unit Totals 1,000 units 670 units For specific identification, units sold include 70 units from begioning inventory, 380 units from the March 5 purchase, 70 units from the March 18 purchase, and 150 units from the March 25 purchase 3. Compute the cost assigned to ending inventory using (a) AFO. (D) LIFO, (c) weighted average, and (d) specific identification (Round your "average cost per unit" to 2 decimal places.) a) Periodic FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale of units sold Cost per unit Cost of Goods Sold #of units in ending inventory Cost per unit Ending Inventory Beginning inventory Purchases March 5 March 18 March 25 Total b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of #of units Goods unit Available for Sale Cost per # of units Cost per sold unit Cost per Cost of Goods Sold of units in ending inventory unit Ending Inventory Beginning inventory Purchases March 5 March 18 March 25 Total c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Average Cost of # of units Cost per Goods unit Available for Sale Average Average of units sold Cost per Cost of Goods Sold # of units in ending inventory Cost per Ending Inventory Unit unit Beginning inventory Purchases March 5 March 18 March 25 Total d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per # of units Cost of Goods Available for Sale #of units Cost per sold unit unit Cost of Goods Sold # of units in ending Inventory unit Ending Inventory Beginning inventory Purchases March 5 March 18 March 25 Total

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