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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
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 trar 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 80 units@ $50.60 per unit 215 units@ $55.60 per unit 75 units@ $60.60 per unit 130 units@ $62.60 per unit 240 units@ $85.60 per unit 500 units 110 units @ $95.60 per unit 350 units 2. Compute the number of units in ending inventory. Ending inventory units 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 transactiu 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 80 units @ $50.60 per unit 215 units a $55.60 per unit 75 units @ $60.60 per unit 130 units@ $62.60 per unit 500 units 240 units@ $85.60 per unit 110 units@ $95.60 per unit 350 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO, (c) weighted average, and (d) specific identification. F specific identification, the March 9 sale consisted of 55 units from beginning inventory and 185 units from the March 5 purchase March 29 sale consisted of 35 units from the March 18 purchase and 75 units from the March 25 purchase. 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 FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per Inventory Balance Cost per Inventory # of units Balance # of units sold Cost per cost of Goods Sold Date
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