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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

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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 200 units e $53.00 per unit 275 units @ $58.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 360 unitse $88.00 per unit 135 unitse $63.00 per unit 250 unitse $65.00 per unit 230 units $98.00 per unit 590 units 860 units . Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO, (c) weighted average, and (d) specific identification. For pecific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase

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