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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

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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 sales transactions for March Units Sold at Retail Units Acquired at Cost 150 units@ $52.00 per unit 250 units @ $57.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 310 units @ $87.ee per unit 110 units @ $62.ee per unit 200 units @ $64.00 per unit 710 units 180 units@ $97.ee per unit 490 units Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. For Decific identification, the March 9 sale consisted of 90 units from beginning inventory and 220 units from the March 5 purchase; the arch 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. "erpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assioned to ending Inventory using IIFO. Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Date Inventory Balance Cost per # of units Inventory unit Balance 150 $ 52.00 = $ 7,800.00 March 1 March 5 March 9 March 18 March 25

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