Problem 6-1a Perpetual Alternative cost flows LO P1
Perpetual Perpetual Weighted . . FIFO average Spar\": Id Compute the cast assigned ta- ending inventory using FIFO. Pel FIFO: 3 m-I--I-I--I-- ------------- ------------ Perpetual Perpetual Weighted . . LIFO Average Eplc Id Compute the nest assigned to ending inventory using LIFO. Pia-El LIFO: 3 _-I--I-I-I--H \fIrelyllueu PEI PELHCII PEI PELHCII ' Average FIFDl LIFO Specific Id ' Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9' sale consisted of ED uniis from beginning inventory and 34D uniis from the March 5 purthase; the March 29 sale consisted of 4D uniis from the March 15 purchase and 12D uniis from the March 25 purchase. Sic Identicatpn: 5.IJIJIJ.IJIJ 1O Parl3cnf4 10 prints El SE 0 Requlred lnfarmatlon Problem 6-1A Perpetual: Alternative cost ows LO P1 {The Ibl'l'omng Information applres to the questions displayed below] Wamerwosds Compa ny uses a perpetual Inventory system. It entered Into The followlng purchases and sales transactlons for March. Dar-e Activities Units Enquirer! at. Era-st. Units Solar! at. Retail. liar. 1 Beginning inventory 1E|E| unit: E $5EI.E|E| per unit. Har. 5 Purchase 500 units a 555. ED per unit. Har. 9 Sales asp units @- SEEJIIEI per unit. Har. 15 Purchase 130 units a 550. ED per unit. Har. 25 Purchase EDI] units @- SEEJIIEI per unit. Har. 39 Sales 15D units a 595.00 per unit. Total: BED units EEEI unite Problem 6-1.5. Part 3 3. Compute the cost asslgned to endlng Inventory uslng (a) FIFO, {b} LIFO. (c) welg hted average, and {a} speclc Identlcatlon. For speclc Idemmcatlon, me March 9 sale canslsted of 30 unrts from beglnnlng Imre ntsry and 340 unlts from the March 5 purchase; the March 29 sale mnsrsted of 40 unrts from the March 13 purchase and 120 unlts from The March 25 purchase. Cnmple'be this quEtinns by entering wur answers in the IIeImnr tabs