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Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and

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Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units sold at Retail Date Activities Mar 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Aequired at Cost 130 units @ $65 per unit 430 units @ $70 per unit 180 unitse $75 per unit 260 units @ $77 per unit 450 units & $100 per unit 1,000 units 220 unitse $110 per unit 670 units For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase. Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO, (c) weighted average, and (d) specific identification. (Round our "average cost per unit" to 2 decimal places.) Periodic FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale 130 $ 65.00 $ 8,450 Ending Inventory # of units in ending Cost per Ending unit inventory Inventory # of units sold Cost per Cost of Goods Sold unit $ 0.00 $ 0 $ 0.00 $ 0 $ eginning inventory urchases: March 5 March 18 March 25 al 4301 70.00 180 $ 75,00 260 $ 77.00 1,000 30,100 13,500 20,020 $ 72,070 380 $ 70.00 70 $ 75.00 150 $ 77.00 600 26,600 5,250 11,550 $ 43,400 $ $ 0.00 0.00 0.00 ood 0

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