Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [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 March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost @ $51.40 per unit @ $56.40 per unit 120 units 235 units 95 units 170 units 620 units @ $61.40 per unit @ $63.40 per unit Units Sold at Retail 280 units @ $86.40 per unit 150 units @ $96.40 per unit 430 units Problem 6-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 75 units from beginning inventory, 205 units from the March 5 purchase, 55 units from the March 18 purchase, and 95 units from the March 25 purchase.

Problem 6-1A (Algo) Perpetual: Alternative cost flows LOP1 [The following information applles to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system, it entered into the following purchases and sales transactions for March. Problem 6-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (o) FIFO, (b) LIFO, (d) weighted average, and ( ( ) specific identification. For specific identification, units sold include 75 units from beginning inventory. 205 units from the March 5 purchase. 55 units from the March 18 purchase, and 95 units from the March 25 purchase