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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 and
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 ecific identification, units sold include 75 units from beginning inventory, 205 units from the March 5 purchase, 55 units from the arch 18 purchase, and 95 units from the March 25 purchase. Compute the cost assigned to ending inventory using FIFO. Compute the cost assigned to ending inventory using LIFO. 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.) Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 75 units from beginning inventory, 205 units from the March 5 purchase, 55 units from the March 18 purchase, and 95 units from the March 25 purchase
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