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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
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 125 units @ $60 per unit 425 units @ $65 per unit Mar. Mar. 445 units @ $95 per unit Date Activities Mar. 1 Beginning inventory 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 170 units@ $70 per unit 250 units @ $72 per unit 210 units@ $105 per unit 655 units 970 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 365 units from the March 5 purchase, the March 29 sale consisted of 65 units from the March 18 purchase and 145 units from the March 25 purchase. Sowd to meducation.com/ext/map/index.html?_con=contextem -HW-Required SA PARA SA MG B. Required information Complete this question by entering your answers in the tabs below. Weighted Average Specific id Perpetual FIFO Perpetual CFO Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Goods Purchased #of Cost per Cost of Goods Sold Cost per Cost of Goods Sold unit #of units sold Inventory Balance Inventory Cost per #of units Balance 90 $50 80 = $ 4,572.00 Date eBook March Print March 9 March 18 March 25 March 20 Total 0.00 ME O O to search o + 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 125 units @ $60 per unit 425 units @ $65 per unit Mar. Mar. 445 units @ $95 per unit Date Activities Mar. 1 Beginning inventory 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 170 units@ $70 per unit 250 units @ $72 per unit 210 units@ $105 per unit 655 units 970 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 365 units from the March 5 purchase, the March 29 sale consisted of 65 units from the March 18 purchase and 145 units from the March 25 purchase. Sowd to meducation.com/ext/map/index.html?_con=contextem -HW-Required SA PARA SA MG B. Required information Complete this question by entering your answers in the tabs below. Weighted Average Specific id Perpetual FIFO Perpetual CFO Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Goods Purchased #of Cost per Cost of Goods Sold Cost per Cost of Goods Sold unit #of units sold Inventory Balance Inventory Cost per #of units Balance 90 $50 80 = $ 4,572.00 Date eBook March Print March 9 March 18 March 25 March 20 Total 0.00 ME O O to search o +
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