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Saved (The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales

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Saved (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 Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 220 units $53.40 per unit Mar. 5 Purchase 285 units $58.40 per unit 9 Sales 380 units $88.40 per unit Mar. 18 Purchase 145 units $63.40 per unit Mar. 25 Purchase 270 units@ $65.40 per unit 250 units $98.40 per unit Totals 630 units Mar. Mar. 29 Sales 920 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) welghted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 125 units from beginning inventory and 255 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 145 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 weighted average. (Round your average cost per unit to 2 decimal places.) Inventory Balance Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit Cost of Goods Sold # of units sold unit Cost per cost of Goods Sold Cost per of units unit Inventory Balance

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