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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. 3 . Compute the cost assigned to
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 c specific identification. For specific identification, units sold include units from beginning inventory, units from the March purchase, units from the March purchase, and units from the March purchase.
Complete this question by entering your answers in the tabs below.
Perpetual FIFO Perpetual LIFO
tableWeightedAverage Specific Id
Compute the cost assigned to ending inventory using FIFO.
tablePerpetual FIFO:,Goods Purchased,Cost of Goods Sold,Inventory Balance
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