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 @ $53.00 per unit 275 units @ $58.00 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 230 units @ $98.00 per unit 590 units Totals 860 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (C) weighted average, and (d) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Compute the cost assigned to ending inventory using FIFO. Goods Purchased Cost # of units per unit Date Perpetual FIFO: Cost of Goods Sold Cost Cost of Goods per unit Sold to # of units sold March 1 275 at s 58.00 March 5 Inventory Balance Cost Inventory # of units per unit Balance 200 $ at 53.00 10,600.00 200 at $ $ 53.00 10,600.00 $ 275 at = 58.00 15,950.00 $ 26,550.00 $ OC at 53.00 $ 115 at 58.00 6,670.00 $ 6,670.00 Total March 5 200 at $ 10,600.00 March 9 $ 53.00 $ 165 at 9,570.00 58.00 Total March 9 $ 20,170.00 135 at IS 63.00 0 at March 18 115 at $ 53.00 $ 58.00 $ 63.00 6,670.00 135 at = 8,505.00 IS 15,175.00 Total March 18 250 at Is 65.00 0 0 at 115 at = 6,670.00 March 25 53.00 $ 58.00 $ 63.00 $ 65.00 135 at 8,505.00 250 at 16.250.00 Total March 25 $ 31,425.00 at $ 0.00 0 at 115 at 6,670.00 0 at March 29 $ 53.00 $ 58.00 $ 63.00 $ 65.00 $ 53.00 $ 58.00 $ 63.00 $ 65.00 115 at 7,245.00 20 at 1,260.00 0 0 at = 0.00 250 at = 16,250.00 Total March 29 $ 13,915.00 IS 17,510.00 $ $ 17.510.00 Totals $ 34,085.00 ! 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. Date Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 200 units @ $53.00 per unit March 5 Purchase 275 units @ $58.00 per unit March 9 Sales 360 units @ $88.00 per unit $ March 18 Purchase 135 units @ $63.00 per unit March 25 Purchase 250 units @ $65.00 per unit March 29 Sales 230 units @ $98.00 per unit Totals 860 units 590 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, () weighted average, and (d) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Cost Cost of Goods per Sold unit Goods Purchased Cost # # of units per unit Date # of units sold Inventory Balance Cost Inventory # of units per Balance unit $ 200 at $ 10,600.00 53.00 March 1 1 275 at $ 58.00 200 at = $ 10,600.00 $ March 5 5 $ IS 53.00 $ 58.00 275 at 15,950.00 Total March 5 $ 26,550.00 85 at S 53.00 = 115 at $ 6,095.00 March 9 $ 4,505.00 15,950.00 IS 53.00 $ 58.00 275 at 0 lat 58.00 Total March 9 $ 20,455.00 $ $ 6,095.00 135 lat Is 63.00 115 at 115 $ $ 6,095.00 March 18 0 at IS 53.00 $ 58.00 IS $ 63.00 135 at 8,505.00 Total March 18 $ 14,600.00 250 at S 65.00 115 at $ $ 6,095.00 oat March 25 $ 53.00 $ 58.00 $ 63.00 $ 65.00 135 at 8,505.00 250 at 16,250.00 Total March 25 $ 30,850.00 0 at $ 0.00 115 at $ 6,095.00 0 at 0.00 0 at March 29 $ 53.00 $ 58.00 S 63.00 s 65.00 $ 53.00 $ 58.00 $ 63.00 IS 65.00 0 at 0.00 135 at = 8,505.00 230 at 14,950.00 20 lat = 1,300.00 Total March 29 $ 14,950.00 $ 15,900.00 $ Totals $ 35,405.00 $ 15,900.00 ! 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 March 1 March 5 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 200 units @ $53.00 per unit 275 units @ $58.00 per unit 135 units @ $63.00 per unit @ 250 units @ $65.00 per unit 360 units @ $88.00 per unit 230 units @ $98.00 per unit 590 units 860 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (C) weighted average, and (d) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Answer is complete but not entirely correct. 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: Cost of Goods Sold Inventory Balance Date Goods Purchased Cost # of units per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance March 1 200 at $ 53.00 = $ 10,600.00 275 at March 5 58.00 200 at $ 53.00 = $ 10,600.00 275 at at $ 58.00 $ 15,950.00 at $ 55.89 = $ 26,550.00 475 Average March 5 March 9 360 at at $ 55.89 55.89 $20,120.40 115 at $ 55.89 = $ $ 6,427.35 135 at IS 63.00 $ 55.89 = March 18 115 at 135 at = $ $ 6,427.35 8,505.00 $ 14,932.35 $ 63.00 $ $ 59.74 Average March 18 250 at 250 at March 25 65.00 250 at at $59.74 $ 14,935.00 250 a $65.00 16,250.00 500 at $ 63.37 = $ 31,185.00 Average March 25 March 29 Totals 230 at S 62.37= $14,345.10 $34,465.50 270 ats 63.37 = $ 17,109.90 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 @ $53.00 per unit 275 units @ $58.00 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 230 units @ $98.00 per unit 590 units Totals 860 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO, ( weighted average, and (d) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Answer is complete but not entirely correct. 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 specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Specific identification: Inventory Balance Date # of units Inventory Balance March 1 = 200 X at S 10,600.00 Goods Purchased Cost # of units Goods per unit Puchased $ 200 $ at = 53.00 10,600 $ 275 at 58.00 15,950 $ 135 at 8,505 63.00 $ $ 250 at 65.00 16,250 Cost of Goods Sold # of units Cost Cost of Goods per sold Sold unit $ 115 at 53.00 S 6,095.00 245 lat $ 14,210.00 58.00 $ 95 at 63,00 5,985.00 $ 135 at 65.00 8,775.00 March 5 Cost per unit $ 53.00 $ $ 58.00 $ 63.00 $ | 65.00 = 275 at 135 at 15,950.00 8,505.00 March 18 March 25 Totals 250 % at 16,250.00 $35,065.00 $ 51,305.00