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Perpertual Inventory system Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 7units e 07.4 Mar.
Perpertual Inventory system Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 7units e 07.4 Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar.29 Sales 180 units$52.60 per unit 265 units $57.60 per unit 125 units $62.68 per unit 230 units $64.60 per unit 800 units 340 units $87.60 per unit 210 units $97.60 per unit 550 units Totals 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 105 units from beginning inventory and 235 units from the March 5 purchase; th March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. Complete this questions by entering your answers in the below tabs. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO
Perpertual Inventory system
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