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Required information [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a periodic inventory system. It entered into the following
Required information
The following information applies to the questions displayed below.
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
tableDateActivities,Units Acquired at costUnits sold at RetailMarch Beginning inventory, units @ $ per unit,March Purchase, units @ $ per unit,March Sales,, units @ $ per uniMarch Purchase,@ $ per unit,tableMarch March tablePurchaseSales@ $ per unit, units @$ per uniTotals,, units, units
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.
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d specific identification.
Note: Round your "average cost per unit" to decimal places.
tablea Periodic FIFOCost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory# of units,tableCost perunittableCost ofGoodsAvailablefor Saletabletable# of unitssoldtableCost perunittableCost ofGoodsSoldtable# of units inendinginventorytableCost perunittabletableEndingInventol$
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