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 Activities Units Acquired at Cost Units sold at Retall Mar 1 Beginning inventory 150 units $52.ee per unit Mar 5 Purchase 250 units $57.ee per unit Mar. 9 Sales 318 units @ $87.00 per unit Mar. 18 Purchase 110 units $62.00 per unit Mar. 25 Purchase zee units@ $64.ee per unit Mar. 29 Sales 180 units @ 97.ee per unit Totals 710 units 498 units 3. Compute the cost assigned to ending inventory using (FIFO. (6) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 220 units from the March 5 purchase the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased #of Cost per units unit Cost per Date # of units sold Cost of Goods Sold Inventory Balance Cost per # of units Inventory unit Balance 150 $ 52.00 $ 7,800.00 unit March 1 March 5 March 9 March 18 Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific to Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unit Date Inventory Balance Cost per # of units Inventory unit Balance 150 $ 52.00 $ 7,800.00 March 1 March 5 March 9 March 18 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.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of Cost per # of units Cost per Cost per Date # of units *Cost of Goods Sold units Inventory Balance unit sold unit unit March 1 150 $ $ 52.00 - 7,800.00 March 5 Average March 9 March 18 Average March 25 Perpetual FIFO Perpetual LIFO Weighted Average Specific la Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 90 units and 220 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance # of # of units Cost per Date Cost of Goods Cost per # of units units unit sold unit Sold unit Inventory Balance March 1 150 $ 52.00 - 5 7,800.00 Cost per March 5 March 9 March 18 Required information IN March 18 March 25 March 29 Totals
