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 Activities Units Acquired at Cont Unita Sold at detail March 1 Beginning inventory 180 units 552.60 per unit March Purchase 265 unito $57.60 per unit March 9 Sales 340 unito e sa7.60 per unit March 18 Purchase 125 units 562.60 per unit March 25 Purchase 230 units $64.60 per unit 210 unito. 97.60 per unit Totals 000 unito 550 units Date March 29 Sales 3. Compute the cost assigned to ending inventory using (6) FIFO (6) LIFO ( Weighted average, and to specific identification. For specific identification, units sold include 105 units from beginning inventory, 235 units from the March 5 purchase, 85 units from the March 18 purchase, and 125 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 Cost of Goods Sold Date Goods Purchased Cost per # of units unit # of units sold Cost per cost of Goods Sold Inventory Balance Cost per # of units Inventory unit Balance 180 at $ 52.60 - $ 9,468.00 unit March 1 265) at $57.60 180 at 265 at $ 52.60 $57.60 $ 9,468.00 15,264.00 $ 24,732.00 March 5 Total March March 9 Total March 9 at $ at $52.60 $57.60 0.00 0.00 $ 52.60 $ 57,60 at ot March 18 Total March 18 March 25 55 Total March 25 March 29 Total March 29 Totals $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Specific Id Average Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO Goods Purchased Cost of Goods Sold Date Cost per Cost per #of units # of units unit sold Cost of Goods Sold March 1 Inventory Balance Cost per Inventory # of units unit Balance 180 at $ 52.60 $ 9,468.00 unit March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 Required information March 5 Total March 5 March Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 $ 0.00 Totals Perpetual FIFO Weighted Average > 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: Cost of Goods Sold Cost per unit Cost of Goods Sold Goods Purchased # of units Cost por #of units unit sold Date # of units Inventory Balance Cost per Inventory Balance unit $ 52.60 = $ 9,468.00 March 1 180 at March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 105 units from begin 5 purchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase. Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per Goods # of units # of units Cost per cost of Goods Sold Cost per Inventory Balance # of units unit Puchased sold unit unit March 1 180 at $ 52.60 $ 9,468 $ 52.60 $ 0.00 at $ 52.60 $ 0.00 March 5 265 at $57.60 15.264 at $57.60 at $ 57,60 = March 18 125 at $ 62.50 7,825 at $ 62.60 0.00 at $62.60 = 0.00 March 25 230 at $64.80 $ 14,858 $ 64,60 at $ 64.60 Totals 0.00 $ 0.00 ### RRRR $
