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Served Help [i ne tollowing information applies to the questions displayed below. Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases

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Served Help [i ne tollowing 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 unitse $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 Mar. 29 Sales 250 unitse $98.40 per unit Totals 920 units 630 units Mar. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted 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 Specific id Average Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 125 units from 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 Specific identification: Goods Purchased # of Date units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per # of units unit Inventory Balance Cost per

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