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plz all 4 The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases
plz all
4 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 bate Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 250 units $54.00 per unit March 5 Purchase 300 units @ $59.00 per unit March Sales 410 units $19.00 per unit March 18 Purchase 160 units @ $64.00 per unit March 25 Purchase 300 units $66.00 per unit March 20 Sales 280 unit: $99.00 per unit Totals 1,010 units 690 units Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending Inventory using () FIFO. (6) UFO. (weighted average, and (c) specific identification. For specific identification, units sold include 140 units from beginning inventory, 270 units from the March 5 purchase, 120 units from the March 18 purchase, and 160 units from the March 25 purchase. 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. Goods.Purchased Date Perpetual FIFO Cost of Goods Sold Cost per unit Cost of Goods Sold # of units Cost per unit #of units sold March 1 Inventory Balance Cost per # of units Inventory unit Balance 250 at $ 54 00= $ 13,500.00 at $ 54.00 at $59.00 March 5 300 at $5900 Total March 5 March 9 Total March 9 160 at $ 6400 March 18 100 at $ 6400 March 18 Total March 18 at $0400 300) at $66.00 March 25 Total March 25 ot at $ 6400 $ 60.00 March 20 Total March 20 Totals s 0.00 Perpetual LIFO > ule ule cost assigned to ending inventory using LIFO. of 4 Date Goods Purchased Cost per # of units unit Perpetual LIFO: Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Inventory Balance Cost per Inventory # of units unit Balance 250 at $ 54.00 = $ 13,500.00 March 1 ook March 5 Tint Total March 5 tences March 9 Total March March 18 Total March 18 March 25 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold Date Goods Purchased Cost per #of units unit # of units sold Cost per unit Cost of Goods Sold of units Inventory Balance Cost per unit Inventory Balance $ 5400 $ 13,500.00 March 1 250 at March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals s 0.00 Step by Step Solution
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