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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

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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. Date Units Acquired at Cost Units Sold at Retail Activities March 1 March 5. Beginning inventory 220 units $53.40 per unit Purchase 285 units $58.40 per unit March 9 Sales 380 units $88.40 per unit March 18 March 25 March 29 Purchase Purchase Sales Totals 145 units 270 units 920 units @$63.40 per unit @ $65.40 per unit 250 units @ $98.40 per unit 630 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (d) weighted average, and (d) specific identification. For specific identification, units sold include 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 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. Goods Purchased Date Cost per # of units Perpetual FIFO: Cost of Goods Sold Cost per Inventory Balance Cost nar Inventory

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