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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
March
March
March
March
March
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Units Acquired at Cost
units @$ per unit
units $ per unit
units units units
Units Sold at Retail
units @$ per unit @$ 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 units from beginning inventory, units from the
March purchase, units from the March purchase, and units from the March 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 decimal places. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include units from beginning inven
units from the March purchase, units from the March purchase, and units from the March purchase.
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