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nework Saved Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the
nework Saved 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 March 1 March 5 Harch 9 March 18 March 25 March 29 Units Acquired at Cost Units Sold at Retail Activities Beginning inventory Purchase 230 units 290 units $53.60 per unit $58.60 per unit 390 units $88.60 per unit 150 units 280 units 563.60 per unit $65.60 per unit 260 units @ $98.60 per unit Totals 950 units 650 units Sales Purchase Purchase Sales 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (d) weighted average, and (d) specific identification. For specific identification, units sold include 130 units from beginning inventory, 260 units from the March 5 purchase, 110 units from the March 18 purchase, and 150 units from the March 25 purchase Complete this question by entering your answers in the tabs below.
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