Problm 6-1A Perpetual: Alternative cost flows LO P1 (The following information applies to the questions displayed below.) Part 1 of 4 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 0.37 points Units Aequired at Cost 170 units $52.40 per unit 260 unitse $57.40 per unit Units sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 330 units $87.40 per unit 120 units $62.40 per unit 220 unitse $64.40 per unit 200 units $97.40 per unit 770 units Problem 6-1A Part 1 Required: 1. Compute cost of goods available for sale and the number of units available for sale Cost of Goods Available for Sale of units Cost per cost of Goods Available Unit Beginning inventory Purchases 2 of 4 Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below) Wamerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 37 Units Aequired at cost 170 units $52.40 per unit 260 units @ $57.40 per unit Unita Sold at Retail Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units. 562.40 per unit 220 units $64.40 per unit 30 unitat $87.40 per unit 770 units 200 units 530 unit $97.40 per unit Problem 6-1A Part 2 2. Compute the number of units in ending inventory Ending inventory Required information 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase. Complete this question by entering yourses in the tabs below Perpetual Fuo papel to win town Specite se Compute the cost pred to ending inventory wing FIFO. Perpetual FIFO: Goods Purchased Coul of Date March Cost of Goods Sold Costa per Cost of Goods Sold Inventory Balance of unite Cost Inventory March 170 $2.40 $8.90 00 Required information 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIPO Weighted Average Specific ld Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # Cost of units Cost Cost of Goods Sold units per unit s old per unit cost of Goo Inventory Balance March 1 of units 170 - per unit $52.40 - Balance $ 8,908.00 March 5 March March 18 Perpetual FIFO Weighted Average > Problem 6-1A 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, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase. Complete this question by entering our answers in the tabs below. Perpetual PPO Perpetual IroWeighted Avenge Specific Compute the cost assigned to ending inventory using weighted average. (Round your wenige cost per unit to 2 decimal places) Weighted Average Perpetual: Goods Purchased Date of Cost units per unit March Cost of Goods Sold of units Cost Cost of Goods sold per unit Sold Inventory Balance of unite Cost per unit Inventory Balance March 5 170 @ $52.40 - $ 8,908.00 Average March 9 March 18 March 25 March 20 Problem 6-1A 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, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specifica Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from th purchase, the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase Specific Identification: Goods Purchased Date of Cost units per unit March Cost of Goods Sold of units Cost Cost of Goods sold per unit Sold Inventory Balance of units Cost per unit Inventory Balance 170 @ $52.40 $ 8,908.00 March 5 March 9 March 13 March 25 Required information Problem 6-1A 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 Ativities 1 beginning inventory Units Aequired at cost 170 units $52.40 per unit 260 units $57.40 per unit Unita Sold at Retail 330 units. 587.40 per unit 120 units ! 362.40 per unit 220 unita 564.40 per unit 200 units 597.40 per unit 530 units Problem 6-1A Part 4 4. Compute gross proteamed by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole della PO UFO Avg. CostSpec.ID of goods of III Next > Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 (The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 110 units @ $45 per unit 410 units @ $50 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 430 units @ $80 per unit 140 units @ $55 per unit 220 units @ $57 per unit 880 units 180 units e $90 per unit 610 units For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 370 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 130 units from the March 25 purchase. Problem 6-2AA Part 1 Required. 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale of Units Cost per Cost of Goods Unit Available for Sale Beginning inventory Purchases March 5 March 18 March 25 - To equired information Problem 6-2AA Periodic: Alternative cost flows LO P3 The following information applies to the questions displayed below) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units sold at Retail Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. Sales Units Aequired at Cost 110 units $45 per unit 410 units $50 per unit 430 units $80 per unit 140 units 220 units 355 per unit 557 per unit 180 units Totals $90 per unit 880 units For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 370 units from the March 5 purchase, the March 29 sale consisted of 50 units from the March 18 purchase and 130 units from the March 25 purchase roblem 6-2AA Part 2 -Compute the number of unitsin ending inventory Ending inventory Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions Dr March Units Sold at Retail Units Aequired at Cost 110 units $45 per unit 410 units $50 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 430 units & $80 per unit 140 unitse $55 per unit 220 units $57 per unit 880 units 180 units 610 units 590 per unit For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 370 units from the March 5 purchase, the March 29 sale consisted of 50 units from the March 18 purchase and 130 units from the March 25 purchase. roblem 6-2AA Part 3 Compute the cost assigned to ending inventory using (a) FIFO, OLIFO. (c) weighted average, and (d) specific identification, (Round Tour average cost per unit to 2 decimal places.) Periode PO Cost of Goods Available for Sale Cost of of units Cost per Goods As unit Available Cost of Goods Sold Ending Inventory of units Cost per Cost of of units sold unit Goodsin ending Cost per Ending Sold Inventory un entory e Cost per Cost of Goods in ending 7 8 Next > code od n * b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods of units unit Available for Sale of units sold Cost per unit Cost of of units Goodsin ending ng Sold Inventory Cost per unit Ending Inventory Beginning inventory Purchases March 5 March 18 March 25 Total L c) Average Cost Cost of Goods Sold Cost of Goods Available for sale Average Cost of of units Coate Goods unit Available of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory of units Average In ending Cost per Ending Inventory unit Inventory for Sale Beginning inventory Pacha March March 18 March 25 T d) Specific Cost of Goodsalt Cost of Goods Sold Ending Inventory of unita cost per Available of units sold Cost per wie cost of Goods Sold of units in ensin Los pe n cing Inventory 7 of 8 Next > ese Rulonom Problem 6-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Required at Cost 110 units $45 per unit 410 units $50 per unit Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 430 units $80 per unit 140 units $55 per unit 220 units $57 per unit 880 units 180 units 610 units 390 per unit For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 370 units from the March 5 purchase, the March 29 sale consisted of 50 units from the March 18 purchase and 130 units from the March 25 purchase. Problem 6-2AA Part 4 4. Compute gross profiteamed by the company for each of the four costing methods. Round your ave places and final answers to nearest whole dollar) cost per unit to 2 decimal POLIFOWeighted Are See # Next 2015 a r * o