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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
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 Date Activities Units Acquired at Cost Units Soldat Retail Mar. ' Beginning inventory 100 units @ 350.ee per unit Mar 5 Purchase 400 units 355.00 per unit Mar. 9 Sales 420 units e $85.00 per unit Mar. 18 Purchase 120 unitse $60.00 per unit Mar. 25 Purchase 200 unitse 562.00 per unit Mar. 29 Sales 160 unitse 595.00 per unit Totals 820 units 580 units For specific identification, the Morch 9 sole consisted of 80 units from beginning inventory and 340 units from the March 5 purchase, the March 29 sole consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase 3. Compute the cost assigned to ending Inventory using (a) FIFO. () LIFO, (c) weighted average, and (d) specific identification (Round your average cost per unit to 2 decimal places.) e cost per unit to a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory
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