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. DateActivities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at. Cost#sewn Units Sold at Retain 175 units $65 per unit 475 unite $70 per unit 495 units $100 per unit 270 units $75 per unit 350 units $77 per unit 310 units $110 per unit 805 units 1,270 unite Totals For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 415 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 195 units from the March 25 purchase. Problem 6-2AA Part 3 3. Compute the cost assigned to ending inventory using (o) FIFO, (b/ LIFO, (oj weighted average and(@ specific dentfication.(Round your average cost per unit to 2 decimal places.) Check n Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. vities Units Acquired at Cost 175 units $65 per unit 475 units $70 per unit Mar. 1 Deginning inventory Nar. 5 Purchase Mar. 9 Sales Nar. 18 Purchase Mar. 25 Purchase Mar.29 Sales 495 units $100 per unit 270 units $75 per unit 350 units$77 per unit 310 unite $110 per unit 805 units 1,270 units Totals For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 415 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 195 units from the March 25 purchase. Problem 6-2AA Part 2 2. Compute the number of units in ending inventory 0 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. 175 units$65 per unit 475 units $70 per unit Mar. 1 Deginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 495 unite 9100 per unit 270 unita $75 pex unit 50 unite$77 per unit 310 unite 9110 per unit 805 unite 1,270 unita Totals For specific identfication, the March 9 sale consisted of 80 units from beginning inventory and 415 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 195 units from the March 25 purchase. Problem 6-2AA Part 4 4. Compute gross profit cearned by the company for each of the four costing methods. (Round your average cost per unit to 2 declimal 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. DateActivities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at. Cost#sewn Units Sold at Retain 175 units $65 per unit 475 unite $70 per unit 495 units $100 per unit 270 units $75 per unit 350 units $77 per unit 310 units $110 per unit 805 units 1,270 unite Totals For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 415 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 195 units from the March 25 purchase. Problem 6-2AA Part 3 3. Compute the cost assigned to ending inventory using (o) FIFO, (b/ LIFO, (oj weighted average and(@ specific dentfication.(Round your average cost per unit to 2 decimal places.) Help 7 0 Required information Cost of Goods Available for Sale Cost of Goods Sold Part 3 of 4 Cost of } | Cost per | Goods | # of units | Cost per | Goods | Cost per | Ending Cost per # of units in ending unit . | Inventory unit Availablesold for Sale unit Sold inventory 37 oints Beginning inventory $ 0.00 $ 0.00 March 5 March 18 March 25 S 0.00 S 0.00 S 0.00 $ 0.00 $ 0.00 eBook Print Total b) Periodic LIFO Cost of Goods Available for ale Cost of Goods Sold Ending Inventory Cost of | # of units | Cost per | Ending cost per | unit Goods | # of units cost per # of units Availablesold unit Goods Sold invendingCost for Sale Beginning inventory Purchases March 5 March 18 March 25 Total Required information ) Average Cost Cost of Goods Available for Sale Cost of Goods Sold 3 of 4 Part verage Cost Goods | # of units | Average | Cost of | # of units | Average Available ! # of units | Cost per Cost per Unit Goodsin ending Cost per Sold inventoryunit sold unit for Sale 37 oints March 5 March 18 March 25 eBook Print Total ) Specific dentification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of for Sale Soldr of Sold Cost of | # of units | Cost per Ending Goods in endingunit Inventory Cost per | Goods | # of units | Cost per # of units unit Available sold unit nventory Beginning inventory Purchases: March 5 March 18 March 25
