! 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 Units Sold at Retail Units Acquired at Cost 160 units @ $52. 20 per unit 255 units @ $57.20 per unit 320 units @ $87.20 per unit Date Activities Mar 1 Beginning inventory Mar 5 Purchase Mar 9 Sales Mar 18 Purchase Mar 25 Purchase Mar 29 Sales Totals 115 units @ $62.20 per unit 210 units @ $64.20 per unit 190 units @ $97.20 per unit 510 units 740 units 3. Compute the cost assigned to ending Inventory using (a) FIFO, (D) LIFO, (C) weighted average, and (d) specific Identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 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 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of unit Cost per Cost Date # of units sold Cost of Goods Sold units Inventory Balance Cost Inventory # of units per unit Balance 160 @ $ 52.20 = $ 8,352.00 per unit March 1 March 5 255 @ $ 57.20 160 @ 255 @ $ 52.20 = $57.20 = $ 8,352.00 14,586.00 $ 22,938.00 March 9 $ 100 @ $ 52.20 220 @ $57.20 5,220.00 12,584.00 0 @ 95 @ $ 52.20 $ 57 20 = = 5,434.00 $ 5,434.00 $ 17,804.00 March 18 115 @ $ 62.201 0 @ 95 @ 115 @ $ 52.20 $ 57.20 = $ 62.20 = 5,434.00 7,153.00 $ 12,587.00 March 25 210 @ $ 64.20 01 @ $ 52.20 95 @ 115 @ $ 57.20 = $ 62.20 = $ 64.20 = 5,434.00 7,153.00 13,482.00 $ 26,069.00 210 @ March 29 $ 52.20 $ $ 52.20 0 @ 95 @ $ 57.20 0.00 5,434.00 5,909.00 0 @ 0 @ 201 @ 210 @ 95 @ = $ 62.20 $ 64.20 $ 57.20 $ 62.20 = $64.20 = 0 @ 0.00 1,244.00 13,482.00 $ 14,726.00 $ 14,726.00 $ 11,343.00 29,147.00 Totals $ Perpetual FIFO Perpetual LIFO > 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 Units Sold at Retail Mar Units Acquired at Cost 160 units @ $52.20 per unit 255 units @ $57.20 per unit 320 units @ $87.20 per unit Date Activities 1 Beginning inventory Mar 5 Purchase Mar 9 Sales Mar 18 Purchase Mar. 25 Purchase Mar 29 Sales Totals 115 units @ $62.20 per unit 210 units @ $64.20 per unit 190 units @ $97.20 per unit 510 units 740 units 3. Compute the cost assigned to ending inventory using (a) FIFO, () LIFO, (C) weighted average, and (d) specific Identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 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 Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost Cost of Goods Sold per unit # of units sold Date Inventory Balance Cost Inventory # of units Balance 160 @ $ 52.20 = $ 8,352.00 per unit March 1 March 5 255 $ 57.20 160 @ 255 @ $ 52.20 = $ 57.20 = $ 8,352.00 14,586.00 $ 22,938.00 March 9 = $ 4,959.00 65 @ 255 @ $ 52.20 $ 57.20 $ 3,393.00 14,586.00 $ 17,979.00 95 @ 0 @ $ 52.20 = $ 57.20 = $ 4,959.00 March 18 115| @ $ 62.20 $ 52.20 = $ 4,959.00 95 @ 0 @ 115 @ $ 57.20 $ 62.20 = 7,153.00 $ 12, 112.00 March 25 210 @ $ 64.20 $ 4,959.00 95| @ 0 @ @ 115 @ $ 52.20 = $ 57.20 $ 62.20 = $ 64.20 210 @ 7,153.00 13,482.00 $ 25,594.00 March 29 = $ 0.00 $ 52.20 = $ 4,959.00 95 @ 0 0 @ 0 @ o @ 01 @ 0 @ 190 @ $ 52.20 $ 57.20 $ 62.20 $ 64.20 = 0.00 0.00 12,198.00 115 @ $ 57.20 $ 62.20 = $ 64,20 = = = 20 @ 7,153.00 1,284.00 $ 13,396.00 $ 13,396.00 $ 12,198.00 $ 30,177.00 Totals ! 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 Units Sold at Retail Units Acquired at Cost 160 units @ $52.20 per unit 255 units @ $57.20 per unit Date Activities Mar. 1 Beginning inventory Mar 5 Purchase Mar 9 Sales Mar 18 Purchase Mar 25 Purchase Mar. 29 Sales Totals 320 units @ $87.20 per unit 115 units@ $62.20 per unit 210 units @ $64.20 per unit 190 units@ $97.20 per unit 510 units 740 units 3. Compute the cost assigned to ending Inventory using (a) FIFO, (D) LIFO, (C) weighted average, and (d) specific Identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 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 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Date # of Cost per units unit March 1 # of units sold Cost of Goods Sold Cost Cost of Goods per unit Sold Inventory Balance Cost # of units per unit Inventory Balance 160 @ $ 52.20 = $ 8,352.00 March 5 255 @ $ 57.20 160 @ 255 @ 415 @ $ 52.20 = $ 57.20 = $ 8,352.00 14,586.00 $ 22,938.00 Average March 9 320 @ $ 55.27 = $ 17,686.40 95 @ $ 55.27] = $ 5,250.65 March 18 115 @ $ 62.22 95 @ 115 @ $55.27 = $ 62.22 = $ 5,250.65 7,155.30 $ 12,405.95 Average 210 @ March 25 210 @ $ 64.20 @ $ 64.20 0 March 29 Totals $ 17,686.40 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 Units Sold at Retail Date Activities Mar 1 Beginning inventory Mar 5 Purchase 9 Sales Har 18 Purchase Mar 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 160 units @ $52.20 per unit 255 units @ $57.20 per unit 115 units @ $62.20 per unit 210 units $64. 20 per unit 320 units @ $87.20 per unit 190 units @ $97.20 per unit 510 units 740 units 3. Compute the cost assigned to ending Inventory using (a) FIFO, (D) LIFO. (C) weighted average, and (d) specific Identification. For specific identification, the March 9 sale consisted of 95 units from beginning Inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 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 Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. Specific Identification: Goods Purchased Date # of Cost per units unit March Cost of Goods Sold # of units Cost Cost of Goods sold per unit Sold Inventory Balance Cost # of units Inventory Balance per unit 160 @ $ 52.20 = 8.352.00 160 @ $ 52.20 = $ 8,352.00 255 @ $ 57.20 = 14.586.00 $ 22.938.00 March 5 255 @ S 5720 March 9 $ 52.20 = $ 95 @ 225 @ $ 52.20 $ 5720 $ 4.959.00 12,870.00 $ 17.829.00 65 @ 30 @ = $ 57.20 = $ 3.393.00 1.716.00 5.109.00 $ March 18 115 @ $ 62.20 $ 65 @ 301 @ 115 @ $ 52.20 = $57.20 = $ 62.20 = 3.393.00 1.716.00 7.153.00 12 262.00 $ March 25 2101 @ S 64 20 65 @ 301 @ 115 @ 2101 @ $ 52.20 = $ 57 20 = $ 62.20 = $ 64,20 = $ 3,393.00 1.716.00 7.153.00 13.482.00 $ 25,744.00 March 29 0 o @ 0 @ 75 @ 115 @ $ 52.20 = $ 57 20 $ 62.20 = $64.20 $ 0.00 0.00 4,665.00 7,383.00 $ 12,048.00 $ 29,877.00 65 @ 30 @ 40 @ 95 @ $ 52.20 = $ 57.20 = $ 62.20 = $ 64 20 = $ 3,393.00 1,716.00 2,488.00 6,099.00 $ 13,696.00 $ $ 13,696.00 = Totals