P 05 5 Required information The following information applies to the questions displayed below) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales traction for March Date March 1 March 5 March March 18 March 25 March 29 Activities Beginning inventory Purchase onits Acquired at Cost 115 units per Sales 435 units 585 per unit Purchase Purchase Sales Totals 625 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 385 units from the March 5 purchase, the March 29 sale consisted of 55 units from the March 18 purchase and 135 units from the March 25 purchase 3. Compute the cost assigned to ending inventory using a FIFO, LFO, weighted average, and specific identification Note: Round your "average cost per unit" to 2 decimal places Purchase March 5 March 18 Cast of Goods Sold Ending very Costa of units Geeds of units Cost per for Sale Cost of C Ending Good Seld 000 0.00 $ 000 0.00 000 9 0.00 0 0.00 0 March 25 Toll Ni Periodic LIFO Coal of Goods Reale Cost of Goods Sold Ending wetery Caster Cost of Goods of ute of units Cost per sold Costa Ending Goods Required information [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 March 1 March 5 Activities Beginning inventory Units Acquired at Cost Units Sold at Retail 115 units $50 per unit Purchase March 9 Sales March 18 March 25 March 29 Purchase Purchase Sales 415 units $55 per unit 150 units $60 per unit 230 units @$62 per unit 435 units $85 per unit Totals 910 units 190 units @$95 per unit 625 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 385 units from the March 5 purchase; the March 29 sale consisted of 55 units from the March 18 purchase and 135 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. Note: Round your "average cost per unit" to 2 decimal places. 05 points for March Bate March 1 March 5 March March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 10 MINYOU HAD EN forowing purchases and pans transactions onits Acquired at Cost Units Sold at Retail 115 units per unit 415 units 55 per unit 150 units este per unit 238 units 62 per unit 435 units $85 per unit 190 units 595 per unit 625 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 385 units from the March 5 purchase the March 29 sale consisted of 55 units from the March 18 purchase and 135 units from the March 25 purchase 3. Compute the cost assigned to ending inventory using a FIFO, my UFO, weighted average, and specific identification Note: Round your "average cost per unit" to 2 decimal places. Periodic PPO Beginning inventory March March 18 March 25 Cost of Good Avslat Exding inventory Cost of Cost Goode of units Coster Cost per Ending Good Sold F of $ 600 $ B00 0.00 91 0.00 of " 0.00 4 0.00 Feriadly LIFO Cast of Goods Ale Cest of Geos Sad Endgry Cost of Cost of of une Cost Casper Ending uf units D Marsh March 16 March 25 March 5 March 18 March 25 Total Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory 0 Average of units Cost per References unit Cost of Goods Available for Sale # of units sold Average Cost per Unit Cost of of units in Goods Sold ending inventory Average Cost per unit Ending Inventory Beginning inventory Purchases March 5 March 18 March 25 Total Specific Identification Cast of Goods Available for Sale of units unit Cost of Goods Available for Sale Beginning inventory Purchases March 5 March 18 March 25 Tota Cost of Goods Bat Ending Inventory of units Cost per sold Cost of Goods of units is ending Inventory Cost Ending ventory 0 0