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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

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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. Activities Units Sold at Retail Date March 1 March 5 March 9 Units Acquired at Cost 210 units@ $53.20 per unit 280 units @ $58.20 per unit 370 units @ $88.28 per unit Beginning inventory Purchase Sales Purchase Purchase Sales March 18 March 25 March 291 140 units @ $63.20 per unit 260 units @ $65.20 per unit 240 units @ $98.20 per unit 610 units Totals 890 units 3. mpute the cost as ned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchase, the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specificid 10 10 10 1 Perpetual FIFO Perpetual LIFO weighted Average Specific d Compute the cost assigned to ending inventory using LIFO, Perpetual LIFO Goods Purchased Date Cost of uns of its sold per unit March 11 March 5 Total March 5 March March March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Tota Cost of Goods Sold Cost per unit Cest of Goods Solde Inventory Balance Cost Inventory per unit 290 $5320 $11.172.00 +

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