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Warnerwoods Company uses a perpetual Inventory system. It entered Into the following purchases and sales transactions for March. Activities Units Acquired at Cost 198 units

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Warnerwoods Company uses a perpetual Inventory system. It entered Into the following purchases and sales transactions for March. Activities Units Acquired at Cost 198 units $52.88 per unit 278 units $57.80 per unit Units Sold at Retai Date Mar 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 358 unitsS$87.88 per lunit 138 units$62.88 per unit 248 units$64.80 per unit 228 units $97.89 per unit Totals 830 units 570 units 3. Compute the cost assigned to ending Inventory using (a) FIFO, (b)LIFO, (c) welghted average, and (d) specific Identification. For specific Identification, the March 9 sale consisted of 110 units from beginning Inventory and 240 units from the March 5 purchase; the March 29 sale consisted of 90 units from the March 18 purchase and 130 units from the March 25 purchase. Required information Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using FIFO. weignted Specific Id Cost of Goods Sold #of units Cost perl unit # of units sold Costper! Cost of Goods Sold! #Of units Cost perInventory Balance Date unit March 1 1052010,032.00 March 5 March 9 March 18 March 25 March 29 Totals Required information I FIFO AverageSpecific Id Compute the cost assigned to ending inventory using LIFO. #of units #Of units sold Costper! Cost of Goods Cost Cost per Date Sold | # of units unit unit Balance March 1 1052010,032.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00 Weighted Average rpetual FIFO Perpetual LIFO Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places ods Purchased Cost of Goods Sold Inventory Balance #of units Cost perl Cost of Goods Sold! Cost perl unit # of units sold Cost per Inventory Balance Date #Of units unit March 1 1052010,032.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals Perpetual LIFO Specific ld> Perpetual FIFO Perpetual L AverageSpecific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 110 units from beginning inventory and 240 units from the March 5 purchase: the March 29 sale consisted of 90 units from the March 18 purchase and 130 units from the March 25 purchase. Purcha #of units Cost # of units sold Cos t per Cost of Goods Cost per unInventory Balance 1052010,032.00 Date # of units unit Sold March 1 March 5 March 9 March 18 March 25 March 29 Totals

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