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Please answer all! ;) Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into
Please answer all! ;)
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. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (c) specific identification. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 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. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO. Compiete this question by entering your answers in the tabs below. Comnute the cost assianed to endina inventory using LIFO. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using weighted average. Note: Round your average cost per unit to 2 decimal places. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 110 units 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase Step by Step Solution
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