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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
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 March 1 Units Acquired at cost March Activitie Beginning inventory Purchase 100 units P $52.20 per unit 235 units March Sales March 18 Purchase March 25 Purchase 115 units 210 units $57.20 per unit Ps02.20 per unit 164.20 per unit 320 units $67.20 per unit March 29 Sales Totals 740 units 100 units $97,20 per unit 510 unite 3. Compute the cost assigned to ending Inventory using (0) FIFO. ( LIFO. (c) weighted average, and (d) specific identification For specific identification, units sold include 95 units from beginning Inventory. 225 units from the March 5 purchase, 75 units from the March 18 purchase, and 115 units from the March 25 purchase.
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