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Perpetual LIFO, Weighted Average, Specific ID please! Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system.
Perpetual LIFO, Weighted Average, Specific ID please!
Required information [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. - Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and ( d ) specific identification. For pecific identification, units sold include 80 units from beginning inventory. 340 units from the March 5 purchase, 40 units from the tarch 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO. Compute the cost assigned to ending inventory using LIFO Step by Step Solution
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