Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [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 Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (d) FIFO, (b) LFO, (c) weighted average, and (c) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Required informetion Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [The following wifoumation applies to the questions disphayed bekow] Warnerwoods Company uses a perpetial inventory system it entered into the following purchases and soles transactons foc March Problem 5-1A (Algo) Part 3 3. Compule the cost assigned to ending inventory using (a) FIFO. (6) tFO. (G weighted average. ond (od spechic identification. For specific identblication. unis sold indude tis units tiom beginning itwentory/ 245 units from the Morch 5 purchose. 95 units from the 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LFO, ( ( weighted average, and ( (b) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 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 ftro. 3. Compute the cost assigned to ending irventory using (a) FIFO, (b) LFO, (c) weighted average, and ( ( ) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 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 LIFO. 3. Compute the cost assigned to ending inventory using (b)FFO, (b) LIFO, ( ( ) weighted average, and ( (b) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Complete this question by entering your answers in the tobs below. Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, ( ( weighted average; and ( . ) specific identification. For pecific identification, units sold include 115 units from beginning inventory. 245 units from the March 5 purchase. 95 units from the Aarch 18 purchase, and 135 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 specific identification. For specific identification, units sold include 115 units from be 5 purchate, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Required information Problem 5.1A (Algo) Perpetual: Alternative cost flows LO P3 [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual irwentory system, it entered into the following purchases and sales transactions for March Problem 5-1A (Algo) Part 4 4. Compute gross protit eathed by the company for each of the four costang methiods. For specific identification unuts sold inclucie 115 units from beginning lnventory, 245 units from the March 5 purchase. 95 unts from the March 18 purchase, and 135 units from the March 25 purchase (Round weighted overoge cost per unit to two decimals and finol onswers to nearest whole dollar.) Warnerwoods Company uses a perpetual inventocy system. It entered into the following purchases and sales transactions for March. roblem 5-1A (Algo) Part 4 Compute gross profit eamed by the company for cach of the four costing methods. For specificidentification, units sold inciude 115 inits from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the Aarch 25 purchase. (Round weighted average cost per unit to two decimols and finat onswers to nearest whole dollar.) AA 5-2 Comparative Anolysis LO A3 Comparative figures for Apple and Google follow Required 1. Compute imventory tuinover for each company for the most recent two vears shown 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the curent year imventory tamover underperform or outperform the industry's average tumover of 15 in the case of (a) Apple and (b) Goople? Complete this question by entering your answers in the tabs below. Compute inwentory tumover for each company for the most recent two yeas shont. (Do nok round imarmedlate catcuiations. Pound your answers to + dedimal place.) 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Compute inventory turnover for each company for the most recent two years shown. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
