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O Required information [The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases

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O 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 bate Activities Units Acquired at Cont Unite Sold at matata March 1 Beginning inventory 70 units $50.40 per unit March 5 Purchase 210 units 555.40 per unit March Sales 230 units $85.40 per unit March 18 Purchase 70 units 560.40 per unit March 25 Purchase 120 units $62.40 per unit March 29 Sales 100 units $95.40 per unit Totale 470 units 330 units 3. Compute the cost assigned to ending Inventory using (6) FIFO (6) LIFO, (weighted average, and (c) specific identification. For specific identification units sold include 50 units from beginning inventory, 180 units from the March 5 purchase, 30 units from the March 18 purchase, and 70 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual viro Perpetual UFO Weighted Average Specificid Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO D Goods Purchased Cost per of units unit Cost of Goods Sold of units Cost per Cost of Goods Sold sold unit March Inventory Balance of units Cost per Inventory unit Balance 70 at $50.40 53,528.00 70 al 550.40 - $ 3.528.00 210 555.40 11.634.00 210 $ 55.40 Marchs WEILU Required Information Perpetual FIFO Cost of Goods Sold Goods Purchased Date of units Coat por of units unit sold Cost per unit Cost of Goods Sold Inventory Balance Cont per of units Inventory unit Balance 70 al $ 50.40 = $ 3,528.00 March 1 210 at $55.40 701 al March 5 $ 50.40 - $ 55.40 = 210 at $ 3,528.00 11,634.00 $ 15,162,00 Total March 5 $ at March 9 70 at 160 at $50.40 $ 55.40 3,528.00 8,864.00 12,392.00 $50.40 $ 55.40 50 at S 11.592.00 2.770.00 $ 14,362,00 Total March 9 70 at $60.40 at $50.40 $ 55.40 = March 18 50 al 2,770.00 at $ 60.40 Total March 18 $ 2,770.00 March 25 Total March 25 March 29 Total March 20 Total $ 12,392.00 Perpetual LIFO > Required information Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold of units Cost per Cost of Goods Sold sold unit Goods Purchased # of units Date Cost per Inventory Balance Cost per Inventory of units unit Balance 70 at $ 50,40 = $ 3,528.00 unit March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 20 Total March 20 Total $ 0.00 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 weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per # of units of units Cost per # of units Cost per unit Cost of Goods Sold unit sold Inventory Balance unit March 1 70 at $ 50.40 = $ 3,528.00 March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 20 Total 0.00 Perpetual LIFO Specific id > Complete this question by entering your answers in the tabs below. Perpetual Pro Perpetual ufo Weighted Average Specific to Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 50 units from beginning inventory, 180 units from the March 5 purchase, 30 units from the March 18 purchast, and 70 units from the March 25 purchase Specific identification Goods Avallate for Sale Costel Goods Sold Ending Inventory Date Cost per Cost of Goods wount Cost per Cost of of units of units Available for Ending sold In ending Goods Sold Sale Inventory Inventory March 1 70s 55.401S 3.878 ol 555.40 0 70 $ 55.405 3.878 March 000 0 0.00 March 10 0.00 0 March 25 . 0.00 Total TO 3.87 70 3,878 Cost per Unit 000 0 5 0

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