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! Required information [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a perpetual inventory system. It entered into the
Required information
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.
Compute the cost assigned to ending inventory using a FIFO, b LIFO, 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.
Complete this question by entering your answers in the tabs below.
Perpetual FIFO Perpetual LIFO
tableWeightedAverage Specific Id
Compute the cost assigned to ending inventory using 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.
tableSpecific IdentificationDateGoods Available for Sale,Cost of Goods Sold,Ending Inventory# of units,tableCost perunittableCost of GoodAvailable forSaletable# of unitssoldCos,tableperittableCost ofGoods Soldtable# of unitsin endinginventoryCos,tableperitMarch $$$$March ofMarch ofMarch Total$$$
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