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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.
tableDateActivities,Units Acquired at CostMarch Beginning inventory, units @ $ per unitMarch Purchase, units @ $ per unitMarch Sales,March Purchase, units @ $ per unitMarch Purchase, units @ $ per unlitMarch Sales,Totals,
Required:
Compute cost of goods available for sale and the number of units available for sale.
tableCost of Goods Available for Sale# of units,tableCost perUnittableCost of Goods Availablefor SaleBeginning inventory,,,Purchases:March March March Total compute the cost assigned to ending inventory usint a FIFO b LIFO c weighted average and d specific identification. 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 usint FIFO, Perptual LIFO, weighted average, Specific Id Thank you
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