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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 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.
tableDateActivities,Units AIcquired at costUnits Sold at RetailMarch Beginning inventory, units,a $ per unit,March Purchase, units,@ $ per unit,tableMarch March Sales,,, units @ $ per unittableMarch March tablePurchasePurchasetable units units@ $ per unit,March Sales,,a $ pet UnIl, units @$ per unitTotals, units,, units
Problem A Algo Part
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and 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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