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 130 units @ $51.60 per unit 240 units @ $56.60 per unit Mar Date Activities Mar 1 Beginning inventory Mar 5 Purchase 9 Sales 18 Purchase Mar 25 Purchase Mar 29 Sales Totals 290 units @ $86.68 per unit 100 units @ $61.60 per unit 180 units@ $63.60 per unit 168 units @ $96.6e per unit 450 units 650 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (d) specific identification For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 210 units from the March 5 purchase the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Welohted Average Specific to Compute the cost assigned to ending inventory using FIFO. YUMRE Perpetual FIFO: Goods Purchased #ol units Cost per Cost of Goods Sold Cost per Cost of Goods Sold unit Date # of units sold Inventory Balance Cost per W of units Inventory unit Balance 130 $51.60 $ 6,708,00 March 1 March 5 240 @ 5 56 60 1301 240 $ 5160 - $5660 - 5 6,708,00 13,584,00 $ 20,292 00 March 9 $ 130 @ 1601 $51.60 $56.60 6,708.00 0 9,056.00 80 @ 15,764.00 $5160 $56.60 4,528.00 $ 4528.00 $ March 18 100 @ $6160 0 @ 80 100 $51.60 $ 56 60 $ 61 60 4,528.00 6.160 00 $ 10.688.00 March 25 180 $63.60 0 @ 80 @ inn $ 5160 $5660 en- 4528.00 einen Required information wa CIT TO TUUT ! 301.00 VI 80 @ > FOU $ 56.60 = $61.60 = 100 @ 4,528.00 6 160 00 $ 10,688.00 March 25 180 @ $63.60 o @ 80 @ 100 @ $ 51.60 $56.60 $ 61,60 = $63.601 = 100 @ 4,528.00 6 160 00 6,360.00 $ 17,048 00 March 29 G 11 $ @ 11 @ @ $ 51.60 $ 56.60 $61.60 $63.60 0.00 0.00 0.00 0.00 $51.60 $ 56.60 $61.60 $ 63.60 1 le il @ Totals S 15.764.00 Perpetual LIFO > RVERON Required information Perpetual LIFO: Goods Purchased #of units unit Date Cost per # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance Cost pes Inventory # of units unit Balance 130 @ $5160 = $ 6,708 00 March 1 March 5 March 9 March 18 March 25 Weighted Average Perpetual: Goods Purchased 1 Date units unit March 1 Inventory Balance Cost per Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unit # of units Cost pet unit Inventory Balance $51.60 = $ 6.708 00 130 @ March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Required information H Compute the cost assigned to ending Inventory using specific identification. For specific identification, the March 9 sale consisted of 80 units from land 210 units from the March 5 purchase, the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 Inventory Balance Specitic sentification: Goods Purchased N of Date units unit March 1 Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold # of units Cost per unit Inventory Balance $51.60 = $ 6,708 00 130 March 5 March 9 March 18 March 25 NEXI Required information March 18 March 25 March 29 Totals $ 0.00
