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thanks! Ret: Winnen Required information Weighted Average Perpetual: Cost of Goods Sold Inventory Balance Date Goods Purchased Cost of units per unit # of units
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Ret: Winnen Required information Weighted Average Perpetual: Cost of Goods Sold Inventory Balance Date Goods Purchased Cost of units per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance $ 11,172.00 March 1 210 at $ 53.20 280 at $ 58.20 March 5 $ 11,172.00 210 at $ 53,20 s 280 at $ 58.20 490 at s 5606 = Averago March 5 16,296.00 $ 27,468.00 March 9 370 at $ 88.20 = $32,634.00 370 % at S88.20 $ 32,634.00 140 at $ 63.20 March 18 $ 32,634.00 370 at $ 88 20 140 at $ 63 20 510 at S 81.34 - Average March 18 8,848.00 $ 41,482,00 260 > at 65.20 > March 25 $ 41,483.40 510 at $ 81.34 260 at $ 65.20 770 at $7589 Average March 25 16.952.00 $ 58,435.40 = 240 > at $ 98.20 X = at March 29 Totals $23,568.00 $56,202.00 SO TE does not indicate completion. R: Required information 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 Units Acquired at Cost 210 units @ $53.20 per unit 280 units @ $58.20 per unit Units Sold at Retail Date March 1 March 5 March 9 March 18 March 25 March 29 370 units @ $88.20 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 140 units @ $63.20 per unit 260 units @ $65.20 per unit 240 units @ $98.20 per unit 610 units 890 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (a weighted average, and a specific identification. For specific identification, units sold include 120 units from beginning inventory, 250 units from the March 5 purchase, 100 units from the March 18 purchase, and 140 units from the March 25 purchase. Answer is not complete. 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.) Step by Step Solution
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