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 Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 100 units @ $68.00 per unit 400 units @ $73.80 per unit 120 units 578.00 per unit 200 units @ $0.00 per unit 420 units 5183.00 per unit 160 units 5113.8 per unit 580 units 820 units 3. Compute the cost assigned to ending inventory using (0) FIFO, (b)LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase: the March 29 sale consisted of 40 units from the March 18 purchase and 20 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual Fifo Perpetual LIFO Weighted Specific Id Average Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Bot Cost per # of units Cost per Date Cost of Goods Sold sold unit March 1 Inventory Balance Cost per # of units Inventory unit Balance 100 @ $68.00 - $ 6,800.00 units unit March 5 March 9 March 18 March 25 March 29 Complete this question by entering your answers in the tabs below. Perpetual Fifo Perpetual LIFO Weighted Average Specific to Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold # of Cost per of units Cost per Date units unit sold Cost of Goods Sold unit March 1 Inventory Balance Cost per Inventory W of units unit Balance 100 $ 68.00 - $ 6,800.00 March 5 March 9 March 18 March 25 March 29 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 Date Cost per units unit sold unit Cost of Goods Sold # of units unit Inventory Balance March 1 1001 $ 68.00 $ 6,800.00 March 5 #of Cost per Cost per Average March 9 March 18 Average March 25 March 29 Totals 0.00 Complete this question by entering your answers in the tabs below. Perpetual Fifo Perpetual LIFO Weighted Average Specific la Compute the cost assigned to ending Inventory using specific Identification. For specific identification, the March 9 sale consisted of 80 units and 340 units from the March S purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the Marc Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date #of # of units Cost per Cost of Goods Cost per # of units units unit sold Sold Inventory Balance March 1 100 $68.00 $ 6,800.00 March 5 Cost per unit unit March 9 March 18 March 25 March 20
