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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
! 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. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 70 units @ $50.40 per unit 210 units @ $55.40 per unit Perpetual FIFO Perpetual LIFO 70 units @ $60.40 per unit 120 units @ $62.40 per unit 470 units Complete this question by entering your answers in the tabs below. Specific Id Weighted Average Compute the cost assigned to ending inventory using FIFO. 3. 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 50 units from beginning inventory, 180 units from the March 5 purchase, 30 units from the March 18 purchase, and 70 units from the March 25 purchase. Units Sold at Retail 230 units @ $85.40 per unit 100 units @ $95.40 per unit 330 units
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