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Please help me with the weighted average perpetual. Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory
Please help me with the weighted average perpetual.
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. Date Activities Units Acquired at Cost Units Sold at Retail March 1 @ $50.20 per unit March 5 Beginning inventory Purchase Sales 60 units 205 units @ $55.20 per unit March 9 220 units @ $85.20 per unit March 18 Purchase March 25 65 units @ $60.20 per unit 110 units @ $62.20 per unit Purchase March 29 Sales 90 units @ $95.20 per unit 310 units Totals 440 units npute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For ic identification, units sold include 45 units from beginning inventory, 175 units from the March 5 purchase, 25 units from the 18 purchase, and 65 units from the March 25 purchase. nexpecuarian Terpelua Spreme Average 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 Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance 60 at $ 50.20 205 at $ 55.20 60 at $ 50.20 at $ 55.20 205 265 at $ 54.07 $12,540.00 45 at $ 55.20 X $ 65 at 45 at S 55.20 March 1 March 5 Average March 5 March 9 220 at $ 57.00 X = > = = = = = = $ 3,012.00 $ 3,012.00 11,316.00 $ 14,328.00 $ 2,484.00 S 2 484.00Step by Step Solution
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