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 pate March March s March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 100 units 9.550 per unit 400 units 555 per unit 120 units 560 per unit 200 units 562 per unit 420 units 8.585 per unit 160 units. 595 per unit 580 units 320 units 3. Compute the cost assigned to ending inventory using (6) FIFO, (D) LIFO, (a weighted average, and (c) specific identification For specific identification units sold include 80 units from beginning inventory 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual Faro Perpetual LIFO Weighted Average Speatic 10 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Date Cost per of units # of units Cost per cost of Goods Sold unit sold March 1 Inventory Balance Cost per of units unit Inventory Balance 1001 $ 50 00 $ 5.000.00 400 $ 55.00 100 al $ 50.00 $5,000.00 Imuchis be Required information Perpetual FIFO Cost of Goods Sold Cost per Cost of Goods Sold unit Goods Purchased Cost per # of units unit Date of units sold March 1 Inventory Balance Cost per #of units unit Inventory Balance 100 at S 50 00 $5,000.00 100 at $ 50.00 $5,000 00 at $ 5500 $5,000.00 400 at $5500 March 5 Total March at $ af March 9 $50.00 S5500 000 000 $ 50 00 $ 5500 at Total March 9 120 at 56000 al March 18 at $ 50 00 $ 55.00 $ 60.00 Total March 18 March 25 Total March 25 March 20 Total March 29 Totals $ 0.00 $ 0.00 Part TE Perpetual LIFO > Required information Date Goods Purchased Cost per =of units unit Perpetual LIFO: Cost of Goods Sold Cost per cost of Goods Sold unit # of units sold Inventory Balance # of units Cost per Inventory Balance unit 100 at $ 50 00 s 5,000.00 March 1 March 5 Total March 5 March 9 Total Marche March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals $ 0.00 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 weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of units Cost per Inventory Balance March 1 $50.00 5,000.00 Date Cost per of units sold Cost per unit Cost of Goods Sold unit of units unit 100 at S March 5 Average March 5 March March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00 Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual uro Weighted Average Specific to Compute the cost assigned to ending inventory using speafic identification. For specific identification, units sole include so units frorri beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the Match 25 purchase. Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Date Cost of Goods of units Cost per of units Cost per Available for Cost of of units unit Cost per Ending Sale sold unit in ending Goods Sold Inventory unit Inventory March 5 0005 0 5 000 $ March 5 000 0.00 0 March 18 0 000 000 0 March 25 0 0.00 Total $ 0 $ $ 0 0 0 0 5 0 0
