WORK 0 Required Information [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 100 units @ $50.00 per unit 480 units@ $55.89 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar 18 Purchase Mar. 25. Purchase Mar. 29 Sales Totals 420 units@ $85.88 per unit 120 units 360.00 per unit 200 units $62.00 per unit 160 units@ $95.ee per unit 580 units 320 units 3. Compute the cost assigned to ending inventory using () FIFO. (6) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase: the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending inventory using FIFO. Perpetual EO Goods Purchased Cost Cost of Goods Sold Cost Cost of Goods Sold Date w of units sold per unit Inventory Balance Inventory Cost per of units Balance 100 550.00 - 3 5.000.00 100 $50.00 35.000.00 4001 550.00 22.000.00 3.27.000.00 March 1 March 400 g 556.00 . 100 G DO 350.00 356.00 -- 5.000.00 000 350.00 35 - 00 400.00 3440000 M 120 38000 38.00 BRI 200.00 1.000.00 500 10000 Required information Weighted Average Specific Id Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased # of Cost units per unit Cost of Goods Sold Cost Cost of Goods Sold per unit #of units sold Date Inventory Balance Cost per Inventory #of units unit Balance 100 $ 50.00 = $ 5.000.00 100 @ $ 50.00 - $ 5.000.00 400 $ 55.00 22.000.00 $ 27,000.00 March $ 55.00 400 March 5 : $ $ 100 March . 550.00 $65.00 5 50.00 $ 55.00 5,000.00 0.00 5.000.00 BO @ 4.400.00 5 4.400.00 tences $ 120 500.00 550.00 5 55.00 - 500.00 30 120 0 March 18 4,400 00 7,200.00 5 11,000.00 - 2001 502.00 March 25 Bo G 120 2001 oooo 350.00 5 55.00 500.00 362.00 4.400.00 7.2009 12.400.00 $ 24,000.00 . - March 20 000 350.00 5 55.00 300.00 $ 62.00 0.00 0.00 0.00 $50.00 $ 55.00 3 00.00 302.00 2001 a 12.400.00 3 12400.00 512400.00 3 5.000.00 Perpetual LIFO > quired information Weighted Average Specific Id petual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of Cost units per unit Cost of Goods Sold Cost Inventory Balance Cost Inventory Balance # of units # of units sold Date per unit per unit Cost of Goods Sold 100 $ 50.00 - $ 5,000.00 March 1 100 @ $50.00 = $ 5 5.000.00 $ 55.00 March 5 400 @ 400 m $ 55,00 = 22.000.00 $ 27.000.00 $ 4.000.00 - $ 80 @ 20 @ 400 e March $50.00 $ 55.00 $50.00 $ 55.00 5 1.000.00 22.000.00 $ 23,000.00 = 5 4,000.00 80 5 4,000.00 120 $ 60.00 @ @ March 18 $50.00 $55.00 500.00 = 120 @ $ 7.200.00 11.200.00 4,000.00 80 5 - 502.00 March 25 200) $50.00 = 555.00 300.00 502.00 120 200 7,200.00 12.400.00 23,000.00 $ 5 4 000.00 $ 80 0.00 0.00 March 20 350.00 $ 55.00 $ 60.00 $02 00 olololo ### 350.00 355.00 500.00 - 56200 7.200.00 120 0.00 1601 3 0.020.00 5 0.020.00 532.92000 11.200,00 11,200.00 3 Weighted Average >
