perpetual FIFO

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost March 1 Beginning inventory Units Sold at Retail 170 units @ $52.48 per unit March 5 Purchase 260 units @ $57.40 per unit March 9 Sales 330 units @ $87.40 per unit March 18 Purchase 120 units @ $62.40 per unit March 25 Purchase 228 units @ $64.40 per unit March 29 Sales 200 units @ $97.40 per unit Totals 778 units 530 units Compute the cost assigned to ending inventory using () FIFO (O) LIFO. (C) weighted average, and (d) specific identification. For ecific identification, units sold include 100 units from beginning inventory 230 units from the March 5 purchase. 80 units from the arch 18 purchase, and 120 units from the March 25 purchase. Answer is not complete Complete this question by entering your answers in the tabs below. werpetual FIFO Perpetual LIFO Weighted Average Specific Id Return to question - compute the cost assignea to enaing inventory using a hiru. (O) LIFU. weighted average, and (c) specific identification. For pecific identification, units sold include 100 units from beginning inventory 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. Perpetual FIFO Perpetual LiFo Weighted Specific Id Average Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Cost of Goods Sold Cost Cost of Goods per Sold unit Goods Purchased Cost of units per unit Date # of units sold March 1 260 at 57.40 March 5 Inventory Balance Cost W of units per Inventory Balance unit 170 S ot 5240 $ 8,908,00 $ 170 at 52:40 $ 8,908.00 $ 260 at 57.40 14.924.00 $ 23.832.00 70 $ at 52.40 $3,668.00 s 30 % at 5740 1,722.00 $ 5,390.00 Total March 5 100 at $ 5,240.00 March 9 5240 $ 57.40 230 at 13,202 00 9 Total March 9 $ 18,442.00 Return to questo Required information $ 120 > at 62.40 > 70 % at $ 3,668.00 March 18 30 at s 52.40 $ 57.40 $ 62.40 1,722.00 $$ 120 at Total March 18 7488.00 S 12,878.00 220 > at SI 64.40 70 at $ 3.668.00 e 30 ot 1.722.00 March 25 $ 52 40 $ 5740 s 62.40 $ 64.40 120 at 7,488.00 220 at Total March 25 14.168.00 $ 27,046,00 BO E O s 52.40 . 4.192.00 703 at $ 3.068,00 120 at 57 40 6,888.00 30 at 1.722.00 March 20 $ 52 40 $ 67.40 S 62.40 s 64.40 at 6240 0.00 40 at 3 2496.00 at $ 64.40 0.00 100 at 6,440.00 Total 11 AN en in Required information 11 220 $3,668.00 70 X at 64 40 30 % at 1,722.00 March 25 52.40 $ 57.40 $ 62.40 $ 64.40 120 at . 7,488.00 220 > at 14, 168.00 $ 27,046.00 Total March 25 80 at $ 52.40 $ 4.192.00 70 > X at $ 3,668.00 6,888.00 120 % at 1,722.00 30 at $ 52.40 s 57.40 $ 62.40 $ 64.40 March 29 at 0.00 2.496.00 40 at 57.40 $ 62.40 5 64.40 at 0.00 6,440.00 100 % at $ 11,080.00 $ 14,326.00 Total March 29 $ 29,522.00 14,326.00 Totals Perpetual LIFO >