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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.
\table[[Date,Activities,Units,Acquired at Cost,Units Sold at Retail],[March 1,Beginning inventory,150 units,@ $52.00 per unit,],[\table[[March 5],[March 9]],\table[[Purchase],[Sales]],250 units,@ $57.00 per unit,310 units @ $87.00 per unit],[March 18,Purchase,110 units,@ $62.00 per unit,],[\table[[March 25],[March 29]],\table[[Purchase],[Sales]],200 units,@ $64.00 per unit,180 units @ $97.00 per unit],[,Totals,710 units,,490 units]]
Compute the cost assigned to ending inventory using
(a) FIFO,
(b) LIFO,
(c) weighted average, and
(d) specific identification. For specific identification, units sold include 90 units from beginning inventory, 220 units from the March 5 purchase, 70 units from the March 18 purchase, and 110 units from the March 25 purchase.
Complete this question by entering your answers in the tabs below.
\table[[Perpetual FIFO,Perpetual LIFO,\table[[Weighted],[Average]]]]
Compute the cost assigned to ending inventory using FIFO.
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