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Required Informeelon Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual
Required Informeelon Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [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. Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (a) 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. Compute the cost assigned to ending inventory using fiffo. Compute the cost assigned to ending inventory using FIFO. 3. Compute the cost assigned to ending imventory using (a) FIFO, (b) L.F O, (c) weighted average, and (c) specific ldentiication. For specific identification, units sold include 140 units from beginning imvertory. 270 units from the Mareh 5 purchase. 120 units from the March 18 purchase, and 160 units from the March 25 purchase. Compute the cost assigned to ending imventory using weighted average. (Porind your average cost per unit ko 2 decimal places.) Problem 51A (Algo) Part 3 Compute the cost assigned to ending inventory using (a) FIFO. (D) L). (c) weighted average, and (d) specific identification. For pecific identification, units sold include 140 units from beginning inveritory, 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. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 140 units from beginnin 5 purchase, 120 units from the March 18 purchase, and 160 units from the Mareh 25 purchase
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