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Required intormation [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a perpetual inventory system. It entered into the following
Required intormation
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.
tableDateActivities,Units Acquired at costUnits Sold at RetailMarch Beginning inventory, units @ $ per unit,March Purchase, units @ $ per unit,March Sales,, units @ $ per unittableMarch March Purchase, units @ $ per unit,tableMarch March tablePurchaseSales units @ $ per unit,March tableSalesTotals units @$ per unit units, units
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d 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.
tablePerpetual FIFO,Perpetual LIFO,tableWeightedAverageSpecific Id
Perpetual FIFO:
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