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Required information The following Information applies to the questions displayed below. Wanerwoods Company uses a perlodic Inventory system. It entered into the following purchases and
Required information The following Information applies to the questions displayed below. Wanerwoods Company uses a perlodic Inventory system. It entered into the following purchases and sales transactions for March. ActivitiesUnits Acquired at Cost Units Sold at Retail Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 198 units $8e per unit 498 units 85 per unit 18 units$115 per unit 380 units $9e per unit 388 units $92 per unit 348 units $125 per unit Totals 1,368 units For specific Identfication, the March 9 sale conslsted of 50 units from beginning Inventory and 460 unlts from the March 5 purchase; the March 29 sale consisted of 130 units from the March 18 purchase and 210 units from the March 25 purchase. 3. Compute the cost assigned to ending Inventory using (a) FiFO. (b) LIFO. (c)welghted average, and (d)specific Identification. (Round your average cost per unit to 2 decimal places.) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods of units Cost pe Goods in endingunit Inventory Cost of # of units | #of units ouniter | Available Cost per Ending unit Sold inventory for Sale Beginning inventory $ 000$ 000S March 5 March 18 March 25 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Cost of Goods Available for Sale Cost of Goods Sold Cost of ends # of units | Cost per | Goods # of units | Cost per in ending-unit Cost of Ending | Inventory Cost per of units unit Available sold unit Soldiventory for Sale March 5 March 18 March 25 Total t of Goods of for Cost of Goods AverageG Average Cost of # of units | Average Cost per Goodsin ending C Ending # of units | Cost per | Available unit # of units sold Cost per Inventory for Sale Unit Sold inventoryunit Baginning inventory March 5 March 18 March 25 Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost of # of units | per Goods in unit Cost per Ending Sold inventoryuni Inventory l Goods # of units | Cost # of units | Cost per unit Available sold for Sale Beginning inventory March 5 March 18 March 25
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