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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 Activities Units Acquired at Cost Units Sold at Retail Beginning unit @ $57.20 per Mar. 5 Purchase @ $87.20 per Mar. 9 Sales Mar. 1 inventory 160 unite $52.20 per 255 units unit 320 units unit Mar. 18 Purchase 115 units 115 units unit $62.20 per Mar.25 Purchase 210 units @ $64.20 per Mar.29 Sales 190 units @ $97.20 per unit 510 units Totals 740 units Com the contained in online intencion accou n tant una 3. Compute the cost assigned to ending inventory using (a) FIFO, (OLIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase, the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. Complete this question by entering your answers in the tabs below Weighted Perpetual FIFO Perpetual LIFO Specific Id Average Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold # of Cost per of units Date Cost per Cost of Goods Sold units unit sold unit Cost of Goods Sold March 1 Inventory Balance Cost per Inventory of units of units un Balance 160 @ $ 52.20 - $ 8,352.00 March 5 March 9

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