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[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

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[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 Units Sold at Retail Activities Beginning inventory March 1 March 5 Units Acquired at Cost 160 units @ $52.20 per unit 255 units@ $57.20 per unit Purchase 4 March 9 Sales 320 units @ $87.20 per unit March 18 Purchase 115 units @ $62.20 per unit 210 units@ $64.20 per unit March 25 Purchase March 29 Sales 190 units@ $97.20 per unit Totals 740 units 510 units 3. 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 95 units from beginning inventory, 225 units from the March 5 purchase, 75 units from the March 18 purchase, and 115 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. A | Help J. CompuLE DHE LUS Benin veya ta. I werumieu overque. anu TuUI SUELITIL veru Required information Complete this question by entering your answers in the tabs below. Weighted Perpetual FIFO Perpetual LIFO Specific Id Average Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased Date # of units # of units sold Cost per unit Inventory Balance Cost per unit $52.20 - $52.20 - $57,20- March 1 March 5 Total March 5 255 at Cost per unit $ 57.20 Cost of Goods Sold # of units 160 at 160 at 255 at Inventory Balance $ 8,352.00 $ 8,352.00 14,586,00 $ 22,938.00

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