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-Built Problems Saved 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 210 units @ $53.20 per unit 280 units @ $58.20 per unit 140 units @ $63.20 per unit 260 units @ $65.20 per unit 370 units @ $88.20 per unit 240 units @ $98.20 per unit 610 units 890 units Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO. (c) weighted average, and (d) specific identification. For pecific 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 questions by entering your answers in the below tabs. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) 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 questions by entering your answers in the below tabs. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Cost per Date Inventory Balance # of units Inventory unit Balance $ 210 $53.20 = 11,172.00 March 1 March 5 March 9 TE Required information March 9 March 18 March 25 arch 29 als Perpetual FIFO Perpetual LIFO Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Inventory Balance Goods Purchased # of units unit Cost per Date # of units sold Cost per Cost of Goods unit Sold # of units Cost per Inventory unit Balance $ $ 53.20 = 11,172.00 March 1 210 @ March 5 March 9 March 18 March 25 .. Prev 7 & of Next > Required information March y March 18 March 25 March 29 Totals Amatahte binne hu antavin WASNOVAO in the haluar she Required information 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 place Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory # of units unit Balance 210 $ 53.20 = $ 11,172.00 March 1 March 5 Average March 9 March 18 Average March 25 March 29 Totals Required information 4 Perpetual FIFO Perpetual LIFO Weighted Average Specific la Compute the cost assigned to ending inventory using 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. Specific Identification: Goods Purchased Date # of Cost per units unit March 1 Cost of Goods Sold # of units Cost per cost of Goods sold unit Sold Inventory Balance Cost per Inventory of units unit Balance 210 o $53.20 - 11.172.00 cos March 5 March 9 March 18 March 25 Iarch Required information March 9 March 18 March 25 March 29 Totals
