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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 following
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 d specific identification. For
specific identification, the March sale consisted of units from beginning inventory and units from the March purchase; the
March sale consisted of units from the March purchase and units from the March purchase.
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