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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
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 Date March 1 units sold at tatt Activities Beginning inventory 100 units March 5 Purchase 270 units Units Acquired at Cost $52.60 per unit $57.80 per unit March 9 Sales 350 units @ 387.88 per unit March 18 March 25 Purchase Purchase 190 units March 29 Sales Totals 240 units 830 units 982.80 per unit 964.00 per unit 220 units 997.00 per unit 570 units Problem 6-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using ( FIFO, (b) LIFO. ( weighted average, and id specific identification. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual PIP Perpetual LIPO Weight Average Spache ld Compute the cost assigned to ending Inventory using FIFO Perpetit FIFO Ooods Purchased Cost of Goods Sold Inventory Balance Date of units March 1 270 at 57.30 Cost of units sold Cost per unit Cost of Goods Sold of units Cost porn 190 at March at 67.80 Total March 5 March 9 Total March 5 130 at 42.80 March 18 280 Total March 18 240 at 64.80 March 25 Inventory Balance 0.032.00
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