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 Beginning inventory Purchase Sales Activities Purchase Purchase Sales Totals Date Perpetual FIFO Perpetual LIFO March 1 Complete this question by entering your answers in the tabs below. Weighted Average Compute the cost assigned to ending inventory using FIFO. 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 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Goods Purchased # of units Units Acquired at Cost 190 units @ $52.80 per unit 270 units @ $57.80 per unit Cost per unit 130 units @ $62.80 per unit 240 units @ $64.80 per unit Specific Id 830 units # of units sold Perpetual FIFO: Cost of Goods Sold Cost per unit Cost of Goods Sold # of units Units Sold at Retail 350 units @ $87.80 per unit 220 units @ $97.80 per unit 570 units Inventory Balance Cost per unit $ 52.80 = 190 at Inventory Balance $ 10,032.00

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) FFO, (b) LFO, (C) weighted average, and ( d ) specific identification. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 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 VIFO