Help Save & Exit Saved Submit Chapter 5 Check my work requirea information Problem 5-1A 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 Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at cost 140 units $51.80 per unit 245 units e $56.80 per unit 105 units $61.00 per unit 190 units $63.80 per unit 300 units $86.80 per unit 170 units 596.80 per unit 470 units 680 units es Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (D) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 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 weighted average. (Round your average cost per unit to 2 decimal places.) Check my wor Required information Perpetual FIFO: of 4 Cost of Goods Sold Goods Purchased #of Cost per unit # of units sold Cost per Cost of Goods Sold unit Dit March 1 units Inventory Balance Cost per Inventory # of units unit Balance 140 $ 51.80 = $ 7,252.00 140 $ 51.80 = $ 7,252.00 245 $ 56.80 - 13,916.00 $ 21,168,00 March 5 245 $ 56.80 Book March 9 140 $ $51.80 $56.80 7,252.00 13,916.00 21,168,00 o @ 85 @ $ 51.80 $ 56.00 - 245 @ 4,828.00 $ 4,828.00 erences $ 105 March 18 $61.80 0 85 @ 105 $ 51.80 $ 56.80 = $ 61.80 = 4,828.00 6,489.00 $ 11,317.00 March 25 190 $6380 ol 85 105 190 $51.80 $ 58.80 - $ 61,80 $63.80 - 4.828.00 6,489.00 12.122.00 $ 23,439.00 March 29 $ o 85 85 $51.80 $ 56.80 $61.80 0.00 4,828.00 5,253.00 ol 20 $ 51.80 $ 56.80 $ 61.80 - 1.236.00 CD ME Required information of 4 Perpetual LIFO + Goods Purchased Date # of Cost per units unit March 1 Cost of Goods Sold Cost per Cost of Goods Sold # of units sold Inventory Balance # of units Cost per Inventory unit Balance 140 $51.80 = $ 7.252.00 unit March 5 245 $ 56.80 1401 245 $51.80 $ 56.80 - $ 7.252.00 13.916.00 $ 21.168.00 $ 4.403.00 Tint March 9 55 245 $ 51.80 $ 56.80 $ 2.849.00 13,916.00 $ 16,765.00 85 ole $ 51.80 = $ 56.80 - $ 4,403.00 March 18 S 4.403.00 $ 61.80 105 85 ol 110 $ 51.80 $ 56.80 $ 61.80 - 6.798.00 $ 11,201.00 85 $ 4,403.00 March 25 $63.80 190 ol $51.80 - $ 56.80 $61.80 $63.80 105 190 6.489.00 12.122.00 $ 23,01400 $ 0.00 $ 4,403.00 March 20 Oce olo $51.00 $56.80 $61.80 0.00 0.001 B5 ola 105 $ 5180 - $ 56.80 $61.00 6.480.00 04 Book Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of Cost per of units Cost per cost of Goods Sold Date # of units Cost per Inventory Balance units unit sold unit unit March 1 140 $ 51,80 - $ 7,252.00 March 5 245 $ 56.80 140 $ 51.80 - $ 7.252.00 245 $ 56.80 = 13,916.00 Average 385 $ 21,168.00 March 9 300 March 18 105 @ 561.80 0 $ 61,80 Average 0 March 25 563 80 $ 63.80 Print ferences 1901 0 170 210 March 29 Totals 0.00 Required information n p 3 of 4 Specific Identification: Goods Purchased #of units Date Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Cost per # of units Inventory Balance Cost per Inventory Balance unit $ 51.80 $ 7.252.00 unit March 1 140 nts March 5 eBook Print March 9 References March 18 March 25 March 29 Help Save & Exit Saved Submit Chapter 5 Check my work requirea information Problem 5-1A 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 Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at cost 140 units $51.80 per unit 245 units e $56.80 per unit 105 units $61.00 per unit 190 units $63.80 per unit 300 units $86.80 per unit 170 units 596.80 per unit 470 units 680 units es Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (D) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 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 weighted average. (Round your average cost per unit to 2 decimal places.) Check my wor Required information Perpetual FIFO: of 4 Cost of Goods Sold Goods Purchased #of Cost per unit # of units sold Cost per Cost of Goods Sold unit Dit March 1 units Inventory Balance Cost per Inventory # of units unit Balance 140 $ 51.80 = $ 7,252.00 140 $ 51.80 = $ 7,252.00 245 $ 56.80 - 13,916.00 $ 21,168,00 March 5 245 $ 56.80 Book March 9 140 $ $51.80 $56.80 7,252.00 13,916.00 21,168,00 o @ 85 @ $ 51.80 $ 56.00 - 245 @ 4,828.00 $ 4,828.00 erences $ 105 March 18 $61.80 0 85 @ 105 $ 51.80 $ 56.80 = $ 61.80 = 4,828.00 6,489.00 $ 11,317.00 March 25 190 $6380 ol 85 105 190 $51.80 $ 58.80 - $ 61,80 $63.80 - 4.828.00 6,489.00 12.122.00 $ 23,439.00 March 29 $ o 85 85 $51.80 $ 56.80 $61.80 0.00 4,828.00 5,253.00 ol 20 $ 51.80 $ 56.80 $ 61.80 - 1.236.00 CD ME Required information of 4 Perpetual LIFO + Goods Purchased Date # of Cost per units unit March 1 Cost of Goods Sold Cost per Cost of Goods Sold # of units sold Inventory Balance # of units Cost per Inventory unit Balance 140 $51.80 = $ 7.252.00 unit March 5 245 $ 56.80 1401 245 $51.80 $ 56.80 - $ 7.252.00 13.916.00 $ 21.168.00 $ 4.403.00 Tint March 9 55 245 $ 51.80 $ 56.80 $ 2.849.00 13,916.00 $ 16,765.00 85 ole $ 51.80 = $ 56.80 - $ 4,403.00 March 18 S 4.403.00 $ 61.80 105 85 ol 110 $ 51.80 $ 56.80 $ 61.80 - 6.798.00 $ 11,201.00 85 $ 4,403.00 March 25 $63.80 190 ol $51.80 - $ 56.80 $61.80 $63.80 105 190 6.489.00 12.122.00 $ 23,01400 $ 0.00 $ 4,403.00 March 20 Oce olo $51.00 $56.80 $61.80 0.00 0.001 B5 ola 105 $ 5180 - $ 56.80 $61.00 6.480.00 04 Book Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of Cost per of units Cost per cost of Goods Sold Date # of units Cost per Inventory Balance units unit sold unit unit March 1 140 $ 51,80 - $ 7,252.00 March 5 245 $ 56.80 140 $ 51.80 - $ 7.252.00 245 $ 56.80 = 13,916.00 Average 385 $ 21,168.00 March 9 300 March 18 105 @ 561.80 0 $ 61,80 Average 0 March 25 563 80 $ 63.80 Print ferences 1901 0 170 210 March 29 Totals 0.00 Required information n p 3 of 4 Specific Identification: Goods Purchased #of units Date Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Cost per # of units Inventory Balance Cost per Inventory Balance unit $ 51.80 $ 7.252.00 unit March 1 140 nts March 5 eBook Print March 9 References March 18 March 25 March 29