Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 March 1 Perpetual FIFO Perpetual LIFO Date March 5 Beginning inventory Purchase Sales Purchase Purchase Sales Totals Activities Complete this question by entering your answers in the tabs below. Weighted Average Compute the cost assigned to ending inventory using FIFO. Total March 5 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 70 units from beginning inventory, 200 units from the March 5 purchase, 50 units from the March 18 purchase, and 90 units from the March 25 purchase. Goods Purchased # of units 230 at Cost per unit Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit $56.20 90 units @ $61.20 per unit 160 units @ $63.20 per unit Specific Id 590 units # of units sold Perpetual FIFO: Cost of Goods Sold Cost per unit Inventory Balance $ 5,632.00

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, ( c ) weighted average, and ( d ) specific identification. For pecific identification, units sold include 70 units from beginning inventory, 200 units from the March 5 purchase, 50 units from the larch 18 purchase, and 90 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO