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Required information Problem 5 - 1 A ( Algo ) Perpetual: Alternative cost flows LO P 1 [ The following information applies to the questions
Required information
Problem A Algo Perpetual: Alternative cost flows LO P
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 A Algo Part
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 units from beginning inventory, units from the
March purchase, units from the March purchase, and units from the March purchase.
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