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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 Date Activities Units Acquired at Cost Units Sold at Retail March 1 March 5 March March 18 March 25 March 29 Sales Purchase Purchase Sales Beginning inventory Purchase 100 units $51.00 per unit 225 units Totale 85 units 150 units 560 units $56.00 per unit $61.00 per unit $63.00 per unit 260 units $86.00 per unit 130 units $96.00 per unit 390 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 65 units from beginning inventory, 195 units from the March 5 purchase, 45 units from the March 18 purchase, and 85 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 Check my work Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include. 65 units from beginning inventory, 1951 Required information i Perpetual FIFO Perpetual LIFO Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 65 units from beginning inventory, 195 units from the March 5 purchase, 45 units from the March 18 purchase, and 85 units from the March 25 purchase. Specific Identification Goods Available for Sale - Cost of Goods Sold Ending Inventory Date of units Cost per unit Cost of Goods Available for #of units I of units Cost per sold unit Cost of Goods Sold In ending Cost per unit Ending Inventory Sale Inventory March 1 March 5 $ $ 0.00 $ 0 0.00 $ $ 0 March 18 O 0 March 25 of Total 0 $ 0 o 0.00 0 0.00 0 0.00 0.00 0 0.00 0 $ $ 0 Weighted Average Spofed 3
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