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= Required Informatlon [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a perpetual inventory system. It entered into the

= Required Informatlon
[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
March 1
March 5
March 9
March 18
March 25
March 29
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Units Acquired at Cost
250 units @$54.00 per unit
300 units $59.90 per unit
[160 units ],[300 units ],[1,010 units ]
Units Sold at Retail
410 units @$89.90 per unit 280units690units@$99. per unit
Compute the cost assigned to ending inventory using
(a) FIFO.
(b) LIFO.
(c) weighted average, and
(c) specific identification. For specific identification, units sold include 140 units from beginning inventory, 270 units from the
March 5 purchase, 120 units from the March 18 purchase, and 160 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. Complete this question by entering your answers in the ta Compute the cost assigned to ending inventory using weighted average.
Note: Round your average cost per unit to 2 decimal places. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 140 units from beginning inven
units from the March 5 purchase, 120 units from the March 18 purchase, and 160 units from the March 25 purchase.
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