Problem 6-2A 6 Saved 3 Warnerwoods Company uses a perlodic inventory system. It entered into the following purchases and sales transactions for March Part 3 of 4 Units Acquired at Activities Units Sold at Retail Date Cost Beginning inventory $55 per Mar 120 units unit 2,5 420 unite $60 per unit points Mar. 5 Purchase $90 per A40 anitsanit Mar 9 Sales 160 unite $65 per unit Mar.18 Furchase eBook $67 per 240 unita Mar. 25 Purchase unit 200 units $100 per unit Print Mar.29 Sales 940 unita 640 unita Totals References For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 400 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase Problem 6-2AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b)LIFO, (c)weighted average, and (d) specific identfication. (Round your average cost per unit to 2 decimal places.) Cost of Goods Available a) Periodic FIFO Cost of Goods Sold Ending Inventory for Sale Cost of Goods of Cost Cost of #of Cost Goods units in Sold ending inventory Ending Inventor # of units Cost per unit Available units for per unit per unit sold Sale Beginning inventory Purchases: S 120 S OS 0.00 S 120 $55.00 $6,600 55.00 6,600 S 420 420 S60.00 25,200 oS 0.00 March 5 60.00 25.200 S S 0.00 160 S65.00 10,400 March 18 3,900 65.00 S 240 S67.00 16,080 March 25 0 0 240 67.00 16.080 S S 940 Total 540 300 58.280 31.800 19.980 O 3 Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Part 3 of 4 Units Acquired at ctivitien Units Sold at Retail Date Cost 120 unie $55 per unit Beginning r. inventory 2.5 $60 per Mar 5 Furchase points 420 units unit $90 per 440 unitsanit 9 Sales r. $65 per ar. 18 rchase 160 units eBook unit 240 unite $67 per unit r. 25 rcbae $100 per Print 200 unita Mar,29 Sales unit 640 unita 940 units Totals References For specitic identification, the March 9 sale consisted of 40 units from beginning inventory and 400 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase. Problem 6-2AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b)LIFO, (c)weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places.) b) Periodic LIFOCOst of Goods Available Cost of Goods Sold Ending Inventory for Sale Cost of Goods Available units for of Cost units in #of Cost Cost Ending Invento #of units Cost Goods per unit Soldending inventory per unit per unit sold Sale Beginning inventory Purchases: S 120 S 120 S55.00 $6,600 55.00 6,600 420 S60.00 25,200 March 5 S 160 65,00 10,400 160 $65.00 10,400 March 18 S 240 67,00 16,080 S 26,480 16,080 240 $67.00 March 25 S S 940 Total 120 400 58.280 6,600 3 Required information Beginning inventory Purchases: March 5 S S 55.00 120 120 S55.00 $6,600 Part 3 of 4 6,600 420 S60.00 25.200 0 2,5 10,400 10,400 160 $65.00 March 18 160 points 65.00 S 240 240 S67.00 16,080 March 25 16,080 67.00 S S Total 940 400 120 58,280 6,600 eBook 26,480 c) Average Cost Cost of Goods Available Cost of Goods Sold Ending Inventory for Sale Print Cost of Average Goods Cost Available units for Sale Averagecost of Cost Average Cost Ending Invento #of #of Goods units in ending inventory unit #of units References per Unit per sold Sold per unit Beginning inventory Purchases March 5 March 18 120 $6,600 420 25,200 10,400 16.080 160 March 25 240 S Total 940 S S 58,280 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods #of Cost of Goods units in Sold ending #of Cost Cost Ending per Inventor unit #of units Cost per unit Availablb units for per unit sold inventory Sale Beginning inventory Purchases S 55.00 120 S55.00 S6,600 S 0 0 55.00 S 60.00 S 420 S60.00 25,200 March 5 0 60.00 S 160 S65.00 10,400 March 18 0 65.00 65.00 S S March 25 240 S67.00 16,080 0 67.00 67.00 S Total 940 58.280 co