Part 3 of 4 Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 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 125 po Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. Saled Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Salon Totals Unite Aquired at Cost 100 units $50.00 per unit 400 units + $55.00 per unit 120 units $60.00 per unit 200 units 562.00 per unit 420 units. $85.00 per unit 160 unita $95.00 per unit 500 units 920 unite References Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and i20 units from the March 25 purchase Complete this questions by entering your answers in the below tabs. Weighted Perpetual Fifo Perpetual LIFO Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Inventory Balance Complete this questions by entering your answers in the below tabs. Part 3 of 4 1.25 points Perpetual Fifo Perpetual LIFO Weighted Average Specific d Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Cost per of units Cost per Cost of Goods units unit sold unit Sold March 1 March 400 a $ 55.00 Book Date Inventory Balance Inventory Cost per #of units unit Balance 100 @ $50.00 - $5,000.00 100 $50.00 - $5,000.00 400 $ 5500 - 22.000.00 $ 27 000.00 ol $50.00 80 $ 55,00 - 4.400.00 $4,400.00 References March 100 320 @ $50.00 $ 5500 - $5,000.00 17 60000 22 800.00 March 18 120 $60.00 ol 80 1200 $50.00 $55.00 - 500.00 4,400.00 7.200.00 11.000.00 March 25 562.00 o e 30 120 2001 550.00 555.00 $60.00 - $ 6200 - . 4,400.00 7.200.00 12.400.00 24,000.00 March 20 $ 50.00 $ 50.00 Required information March 9 100 320 @ $50.00 - $55,00 $ 5.000.00 17.800.00 $ 22,600.00 0 80 @ 550.00 $55.00 = 4,400.00 Part 3 of 4 $4,400.00 March 18 120 a $ 60.00 1.25 points 0 80 1201 $50.00 $ 55.00 = $ 60.00 - 4.400.00 7.200.00 $ 11,600.00 March 25 200 Block $ 62.00 ola 80 @ 120 200 @ $50.00 $ 55.00 - $ 60.00 - $ 62,00 Print 4,400.00 7,200.00 12.400.00 $ 24,000.00 References March 29 80 @ 80 $50.00 $ 55,00 $ 60.00 $ 62.00 4.400.00 4.800.00 0.00 $9.200.00 ee $50.00 $ 55.00 $ 60.00 $ 62.00 Totais 31, 10000 5 0.00 Perpetual FIFO Perpetual LIFO > Required information Part 3 of 4 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id 125 points Compute the cost assigned to ending inventory using UFO. Perpetual LIFO Goods Purchased Cost of Goods Sold 1 of Date Cost per of units Cost per Cost of Goods units unit sold unit Sold March 1 Inventory Balance of units Cost per Inventory unit Balance 100 $ 50,00 - $5,000.00 March 5 400 $ 55.00 Print 100 400 a $50,00 - $ 55,00 - $5,000.00 22.000.00 $ 27.000.00 References March $ 0.00 $ 50.00 @ $55.00 $50.00 - $55.00 - 0.00 March 18 March 25 March 20 9 Required information March 9 $ $50.00 $55,00 0.00 0.00 $ 50.00 - $ 55.00 - Part 3 of 4 March 18 125 points elock March 25 Print References March 29 Totals $ 0.00 co rt 3 of 4 Required information Perpetual Hiro Perpetual Liro Average Specinc 10 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 # of Cost per of units Cost per Cost of Goods Cost per units of units Inventory sold unit Sold unit Balance March 1 $50.00 - $ 5,000.00 March 5 5 ints 100 eBook Print Average March March 18 References Average March 25 March 29 Totals 0.00 9 Required information Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of BO units from beginning Inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. Part 3 of 4 1.25 points Specific Identification: Goods Purchased Date Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Inventory Balance Cost per Inventory of units unit Balance 100 $50.00 - $5,000.00 Sold March 5 eBook Pri March 9 References March 18 March 25 March 20 M Graw Required information Part 3 of 4 March 18 125 points March 25 Book Print March 29 References Totals $ 0.00
