Please answer these in Order
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 for March Mar. Units Acquired at Cost 230 units @ $53.60 per unit 290 units @ $58.60 per unit Units Sold at Retail Activities 1 Beginning inventory 5 Purchase 9 Sales 18 Purchase 25 Purchase 29 390 units @ $88.60 per unit 150 units @ $63.60 per unit 280 units @ $65.60 per unit Maru Sale 260 units @ $98.60 per unit 650 units Totals 950 units Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific ide pecific identification, the March 9 sale consisted of 130 units from beginning inventory and 260 units from the Mar March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Weighted Specific Id Perpetual FIFO Perpetual LIFO Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # of Cost per Date # of units sold Cost of Goods Sold Cost per c d o Sold unit Cost of Goods Sold Inventory Balance # of units of Cost per Cost per Inventory unit Balance 230 @ $53.60 = $ 12,328.00 March 1 March 5 March 9 March 18 March 25 1 March 29 TI Totals my w umumny vertory using uro. Perpetual LIFO: Goods Purchased of Cost per unit IT of units sold Cost of Goods Sold Cost per cost of Goods Sold unit s Sold Date March 1 Inventory Balance Cost per of units Inventory Outs T 230 @ $53.60 = $ 12,328.00 March 5 March 9 March 18 March 29 Totals Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased # of Date Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unite Inventory Balance of units cose Inventory Balance 230 @ $53.60 - $ 12,328.00 March 1 March 5 Average March 9 March 18 Average March 25 March 29 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 130 units from beginning inventory and 260 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase Specific Identification: Goods Purchased of Cost per units unit March 1 #of units s old Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance of units Cost per ultiventory Balance 230 @ 55360 - $ 12,328.00 March 5 March 9 March 18 March 25 March 29
