Specific Id: Complete the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase.

Problem 5-1A Perpetual: Alternative cost flows LO P1 [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 1 Beginning inventory 140 units $51.88 per unit 5 Purchase 245 units @ $56.88 per unit Mar. 9 Sales 300 units 586,80 per unit Mar. 18 Purchase 105 units @ $61.80 per unit Mar. 25 Purchase 190 units@ $63.80 per unit Mar. 29 Sales 170 units 596.30 per unit Totals 680 units 478 units Mar. Mar. Problem 5-1A Part 3 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 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 unts from the March 25 purchase. Required information Perpetual FIFO Perpetual UFO Spedic Id Average Compute the cost assigned to ending inventory using FIFO. Perpetual RIFO Cost of Good Cost Cost of Goods pe Sold of units 140 57,252.00 March 1 51 80 5 51.80 140 e $7.252.00 March 5 245 50.80 # 245 58.80 13,016 00 IS 21.188.00 March 140 le - $7.252.00 51 80 51.80 5 58.80 80. = 180 le 58.80 9,088.00 5 16,340.00 4.828.00 $4828.00 15 51 80 March 18 105 01 80 4,828.00 360 105 50.80 $ 8180 = 8.480.00 $ 11 31700 5 51 80 March 25 1900 83 80 4.828.00 58.30 108 lo 4900 BIBO 100 l 12.122.00 8330 10900 Worth 29 5 0.00 5100 51.30 402000 55.0 Perpetual FIFO Perpetual LFO weig Average Specific Id Compute the cast assigned to ending inventory using LIFO. Perpetual LIFO Bhd Com Cost of Goods Sold Cost Cost of Goods per Sold uns Balance sold 140 @ $ 7.252.00 March 1 51 80 $ 7.252.00 245 March 5 140 @ . . 51.80 58.80 245 @ 58.80 13.916.00 $21.188.00 55e 85 $ 2.840.00 March @ s 4403.00 51 80 51.80 $ 56.80 245 >> @ 58 90 13.916.00 $ 16,785.00 $ 4,409.00 85 H 5 4.403.00 March 18 105e 81.80 51.80 1$ 58.80 $ 81.80 105 8.499.00 $10.892.00 March 25 1900 @ e 63.80 51 80 S 58.80 $ 81.30 $ 8380 106 190 6.489.00 12.122.00 $18.81100 - S 0.00 $ 51 80 March 20 51 BC 000 358 4,828.00 58 80 383 . 3550 3 0190 0.00 8.489.00 8120 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.) Weighted Average Perpetual: Good Purchased Com per #of units sold Cost of Goods Sold Cost Cost of Goods per unit Sold of units per Balance March 1 140 B - $ 7,252.00 51.80 $ 51 80 March 5 245 58.80 140 $ 7.252.00 13.910.00 245 335 50.30 0 Average 54.98 $ 21.108.00 SIS March 9 300l $16.494.00 850 $ 4,873 30 34.00 3498 March 18 105 . 61 80 5498 3 4673.30 200 8130 12.380.00 $ 1703330 Average 205 X March 26 100 0380 54.99 63.80 March 29 $10.40400 Perpetual Fr Perpetual LIFO Weighted Average Spedific la Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase. Specific Identification Goods Purchased Cost Cost of Goods Sold Cost Founts Cost of Goods per Sold Inventory Balance Cost Inventory per of units Sold March 1 $ 7.252.00 51.80 March 5 245 le 140 l $ 7.252.00 58.30 51 80 245 58 80 13.010.00 $ 21,188.00 March 9 75 e $ 3.885.00 140 Qle 51.30 51 30 $7.252.00 . 225 @le 58.80 12.780.00 245 @ $ 13.916.00 50.80 $ 21,188.00 15.665 00 March 18 08 . 60 @ 51.90 130 80 61 80 March 25 190 8330 3 51.30 56.50 01 80 83.00 March 20