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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, 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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