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11 Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following...

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Accounting

11
Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1
[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.
Problem 6-1A (Algo) Part 3
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (a) 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 youn answers in the tabs below.
Perpetual FIFO
Perpetual LIFO
Weighted
Average
Specific Id
Compute the cost assigned to ending inventory using LFO.
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