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Warner words company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. O Required information The following information

Warner words company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
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O 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 Unit Bold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totale Units equired at Cost 170 units. $52.40 per unit 260 units $57.40 per unit 120 units $62.40 per unit 220 units $64.40 per unit 330 unita $87.40 per unit 200 on 397.40 per unit SJOnko 770 unita Required: 1. Compute cost of goods available for sale and the number of units available for sale. Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Cost of Goods Available Unit for Sale Cost per Beginning inventory Purchases: March 5 March 18 March 25 Total 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 Date Activities Units Aequired at cost Units Bold at Retail Mar. 1 Beginning inventory 170 unita e $52.00 per unit Mar. 5 Purchase 260 units $57.40 per unit Mar. 9 Sales 330 units # $87.40 per unit Mar. 18 Purchase 120 units $62.40 per unit 220 units & $64.40 per unit Mar. 29 Sales I 200 unitat 197.40 per unit Totals 770 units 530 units Mar. 25 Purchase 2. Compute the number of units in ending inventory Ending inventory 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 100 units from beginning Inventory and 230 units from the March 5 purchase the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase. 4 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: Goods Purchased Cost per Cost of Goods Sold Cost per Cost of Goods Sold unit of units sold Inventory Balance Cost per Inventory of units unit Balance woo $ 52.40 - $ 8.908,00 Date March 1 Required information Goods Purchased Cost per Cost of Goods Sold Cost per unit Cost of Goods Sold of units sold Inventory Balance # of units Cost per Inventory un Balance 170 @ $ 52.40 $ 8.908.00 March 1 March 5 March 9 March 18 March 25 25 26 Prey 27 128 Next > Required information March 18 March 25 March 29 Totals Perpetual FIFO Perpetual UFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. ++++ Perpetual LIFO: Goods Purchased # of units Cost of Goods Sold #of units Cost per cost of Goods Sold sold unit Date Cost per Inventory Balance # of units Cost per Inventory unit Balance 170 @ $ 5240 $ 8,908.00 March 1 March 5 March 9 Required information MIGO March 25 March 20 Totals Velghted Average Perpetual: Goods Purchased Cost per Cost of Goods Sold # of units Cost per cost of Goods Sold unit #of units Date Cost per Inventory Balance Inventory Balance # of units unit 170 $ 52.40 - $ unit sold 8,908.00 March 1 March 5 werage 4 March 9 March 18 werage March 25 Required information Inventory Balance Specific Identification: Goods Purchased #of Date Cost per units unit March 1 # of units sold Cost per Cost of Goods Sold Cost of Goods unit Sold # of units Cost per Inventory Balance unit $ 52.40 1701 $ 8,908.00 March 5 March 9 -09 March 18 March 25 Required information Aaron 10 of 4 March 25 1:21:51 March 29 Totals

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