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need help on question please question 3a Required information [The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system.
need help on question please question 3a
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. Date Activities Units Required at Cost Unit 1 til Mar. 1 Beginning inventory 90 units $50.80 per unit Mar. 5 Purchase 220 units. 555.80 per unit Mar. 9 Sales 250 unitae $85.80 per unit Mar. 18 Purchase 80 units $60.80 per unit Mar. 25 Purchase 140 unitse $62.80 per unit Mar. 29 Sales 120 units $95.80 per unit Totals 530 units 370 unita ces 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 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 FIFO. Perpetual FIFO: GO net Required information Date Goods Purchased of unita unit Cost per of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit March 1 Inventory Balance #of units Inventory unt Balance 90 @ $ 50,80 = $ 4,572.00 Gost per March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Step by Step Solution
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