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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],[\table[[March 1],[March 5]],\table[[Beginning inventory],[Purchase]],140 units,a $51.80 per unit,],[March 9,Sales,245 units,@ $56.80 per unit,300 units a $86.80 per unit],[March 18,Purchase,105 units,a $61.80 per unit,S06 unils (a $80.80 per unit],[\table[[March 25],[March 29]],\table[[Purchase],[Sales]],190 units,a $63.80 per unit,],[,Totals,680 units,,470 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 85 units from beginning inventory, 215 units from the March 5 purchase, 65 units from the March 18 purchase, and 105 units from the March 25 purchase.
Complete this question by entering your answers in the tabs below.
Perpetual FIFO Perpetual LIFO
Weighted
Average
Compute the cost assigned to ending inventory using FIFO.
\table[[Perpetual FIFO:],[Date,Goods Pu,hased,Cost of Goods Sold,Inventory Balance],[# of units,\table[[Cost per],[unit]],\table[[# of units],[sold]],\table[[\table[[Cost per],[unit]]]],Cost of Goods Sold,# of units,\table[[\table[[Cost per],[unit]]],[$51.80
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