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There are few parts are wrong and missing. Please help! Problem 6-1A Perpetual: Alternative cost flows LO P1 (The following information applies to the questions
There are few parts are wrong and missing. Please help!
Problem 6-1A 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 Units Sold at Retail Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit 260 units @ $86.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 85 units @ $61.00 per unit 150 units ( $63.00 per unit 130 units @ $96.00 per unit 390 units 560 units Perpetual FIFO: Goods Purchased # of Cost per units unit # of units sold Cost of Goods Sold Cost per cost of Goods Sold er cost of Goods Sold unit COS 01 boods sold Date March 1 March 5 225 @ $ 56.00 March 9 $ 100 160 @ @ $51.00 $ 56.00 = = 5,100.00 8,960.00 14,060.00 March 18 85 @ $61.00 Inventory Balance Cost per # of unite Inventory # of units # of units unit Balance 100 @ $51.00 = $ 5,100.00 100 @ $51.00 = $ 5,100.00 225 @ $ 56.00 = 12,600.00 $ 17,700.00 @ $51.00 65 @ $ 56.00 3,640.00 $ 3,640.00 @ S 51.00 @ $ 56.00 3,640.00 85 @ $61.00 = 5,185.00 $ 8,825.00 0 @ $51.00 65 @ $ 56.00 3,640.00 85 @ $61.00 5,185.00 150 @ $63.00 = 9,450.00 $ 18,275.00 0 @ $51.00 0 @ $ 56.00 201 @ $61.00 1,220.00 150 @ $63.00 9,450.00 $ 10,670.00 $ 10,670.00 March 25 150 @ $ 63.00 March 29 $ 0 @ 65 @ 65 @ 0 @ $51.00 = $56.00 = S 61.00 = $63.00 = 0.00 3,640.00 3,965.00 0.00 7,605.00 21,665.00 $ $ Totals Weighted Average Perpetual: Goods Purchased # of Date Cost per units unit March 1 March 5 225 @ $ 56.00 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory Balance 100 @ $51.00 = $ 5,100.00 100 @ $ 51.00 = $ 5,100.00 225 @ $56.00 = 12,600.00 325 @ 54.46 = $ 17,700.00 65 @ $ 54.46 = $ 3,539.90 65 @ $54.46 = $ 3,539.90 @ $61.00 Average March 9 260 @ $54.46 = $ 14,159.60 March 18 85 @ $ 61.00 Average March 25 150@ $ 63.00 @ $63.00 130 @ $60.58 = 1701 @ $60.58 = $ 10,298.60 March 29 Totals $ 7,875.40 $ 22,035.00Step by Step Solution
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