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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 ending
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. 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 105 units from beginning inventory, 235 units from the March 5 purchase, 85 units from the March 18 purchase, and 125 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. Iotai marcn y March 18 Total March 18 March 25 \begin{tabular}{|l|l|l|} \hline 240 & at & $64.80 \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} March 29 1) Required information 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, ( ( ) weighted average, and (d) specific identification. For specific identification, units sold include 105 units from beginning inventory, 235 units from the March 5 purchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Check my work (1) Required information Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 105 units from beginn 5 purchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase
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