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Required information Problem 6 - 1 A ( Algo ) Perpetual: Alternative cost flows LO P 1 [ The following information applies to the questions

Required information
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.
\table[[Date,Activities,Units A,Icquired at cost,Units Sold at Retail],[March 1,Beginning inventory,110 units,a $51.20 per unit,],[March 5,Purchase,230 units,@ $56.20 per unit,],[\table[[March 9],[March 18]],Sales,,,270 units @ $86.20 per unit],[\table[[March 18],[March 25]],\table[[Purchase],[Purchase]],\table[[90 units],[160 units]],@ $61.20 per unit,],[March 29,Sales,,(a $05.20 pet UnIl,140 units @$96.20 per unit],[,Totals,590 units,,410 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 70 units from beginning inventory, 200 units from the March 5 purchase, 50 units from the March 18 purchase, and 90 units from the March 25 purchase.
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