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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

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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 purchases and sales transactions for March.
\table[[\table[[Date],[March 1]],Activities,Units A,icquired at Cost,Units Sold at Retail],[\table[[March 1],[March 5]],\table[[Beginning inventory]],220 ?units,@ $53.40 ?per unit,],[March 9,\table[[Sales]],285 ?units,@$58.40 ?per unit,],[March 18,Purchase,145 ?units,a $63.40 ?ner unit,380 ?units @ $88.40 ?per unit],[March 25,Purchase,270 ?units,@$65.40 ?per unit,],[March 29,\table[[Sales],[Tntale]],,4,250 ?units @ $98.40 ?per unit],[,Totals,920 ?units,,630 ?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 125 ?units from beginning inventory, 255 ?units from the March 5 ?purchase, 105 ?units from the March 18 ?purchase, and 145 ?units from the March 25 ?purchase.
Complete this question by entering your answers in the tabs below.
Perpetual FIFO
Perpetual LIFO
Weighted Average
Specific Id
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