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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.
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d specific identification. For
specific identification, the March sale consisted of units from beginning inventory and units from the March purchase; the
March sale consisted of units from the March purchase and units from the March purchase.
Complete this question by entering your answers in the tabs below.
Compute the cost assigned to ending inventory using FIFO.
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