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Part 3 of 4 [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the
Part 3 of 4 [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 Activities Beginning inventory Purchase March 9 Sales 6.5 points March 18 Purchase March 25 Purchase March 29 Skipped Sales Totals Units Acquired at Cost 120 unite $51.40 per unit 356.40 per unit Units Sold at Retail 235 units 200 units 586.40 per unit 95 units 561.40 per unit 170 unita #563.40 per unit 620 units 150 units $96.40 per unit 430 units eBook Pri 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 75 units from beginning inventory, 205 units from the March 5 purchase, 55 units from the March 18 purchase, and 95 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. References Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO Perpetual FIEQ Goods Purchased Cost of Goods Sold Inventory Balance Date of units Cost per unit of units sold unit Cost per Cost of Goods Sold Cost per of unita Inventory 120 unit $51.40 = $ 6,168.00 Balance March 11 March 5
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