ucation.com/ext/map/index.html?_con=con&external_browser=U&launchun Saved Help Save 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 Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 130 units @ $51.60 per unit 240 units @ $56.60 per unit 100 units @ $61.60 per unit 180 units @ $63.60 per unit 290 units $86.60 per unit 160 units 596.60 per unit 450 units 650 units 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 80 units from beginning inventory and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. ch o a Saved Required information 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 FIFO. Perpetual FIFO Cost of Goods Sold Goods Purchased # of units unit Cost per Cost per Cost per Date # of units sold Cost of Goods Sold Inventory Balance #of units Inventory unit Balance 130 @ $ 5160 $ 6,708,00 unit March 1 March 5 March 9 March 18 Saved Required information March 18 March 25 March 29 Totals 0.00 Perpetual LIFO Date units unit sold unit Cost of Goods Sold # of units unit March 1 130 @ Balance $ 6,708.00 $ 51.60 March 5 March 9 March 18 March 25 + Cost of Goods Sold Weighted Average Perpetual: Goods Purchased #of Date units unit March 1 Cost per # of units sold Cost per Cost of Goods Sold unit Inventory Balance # of units Cost per unit Inventory Balance 130 @ $51.60 = $ 6,708.00 March 5 Average March 9 March 18 Average March 25 March 29 Perpetual FIFO Perpetual UFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. Specific Identification: Goods Purchased # of Date Cost per units unit March 1 March 5 Cost of Goods Sold # of units Cost per Cost of Goods sold Sold Inventory Balance # of units Cost per Inventory Balance unit 130 @ $ 51 60 $ 6,708.00 unit March 9 March 18 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases du baies ISOLUUITS for March Units sold at Retail Units Acquired at Cost 130 units@ $51.60 per unit 240 units @ $56.60 per unit Mar. 290 units@ $86.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 100 units @ $61.60 per unit 180 units @ $63.60 per unit 160 units @ $96.60 per unit 450 units 650 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 210 units from the March 5 purchase the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Avg. Cost Spec. ID Gross Margin Sales Less: Cost of goods sold Gross profit ucation.com/ext/map/index.html?_con=con&external_browser=U&launchun Saved Help Save 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 Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 130 units @ $51.60 per unit 240 units @ $56.60 per unit 100 units @ $61.60 per unit 180 units @ $63.60 per unit 290 units $86.60 per unit 160 units 596.60 per unit 450 units 650 units 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 80 units from beginning inventory and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. ch o a Saved Required information 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 FIFO. Perpetual FIFO Cost of Goods Sold Goods Purchased # of units unit Cost per Cost per Cost per Date # of units sold Cost of Goods Sold Inventory Balance #of units Inventory unit Balance 130 @ $ 5160 $ 6,708,00 unit March 1 March 5 March 9 March 18 Saved Required information March 18 March 25 March 29 Totals 0.00 Perpetual LIFO Date units unit sold unit Cost of Goods Sold # of units unit March 1 130 @ Balance $ 6,708.00 $ 51.60 March 5 March 9 March 18 March 25 + Cost of Goods Sold Weighted Average Perpetual: Goods Purchased #of Date units unit March 1 Cost per # of units sold Cost per Cost of Goods Sold unit Inventory Balance # of units Cost per unit Inventory Balance 130 @ $51.60 = $ 6,708.00 March 5 Average March 9 March 18 Average March 25 March 29 Perpetual FIFO Perpetual UFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. Specific Identification: Goods Purchased # of Date Cost per units unit March 1 March 5 Cost of Goods Sold # of units Cost per Cost of Goods sold Sold Inventory Balance # of units Cost per Inventory Balance unit 130 @ $ 51 60 $ 6,708.00 unit March 9 March 18 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases du baies ISOLUUITS for March Units sold at Retail Units Acquired at Cost 130 units@ $51.60 per unit 240 units @ $56.60 per unit Mar. 290 units@ $86.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 100 units @ $61.60 per unit 180 units @ $63.60 per unit 160 units @ $96.60 per unit 450 units 650 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 210 units from the March 5 purchase the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Avg. Cost Spec. ID Gross Margin Sales Less: Cost of goods sold Gross profit