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Connect Homework - Chapter 5 0 Saved Help Save & Exit Submit Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 (The following information applies to the questions displayed below.) Part 2 of 2 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March points Units Sold at Retail Units Acquired at Cost 90 units @ $50.80 per unit 220 units @ $55.80 per unit eBook 250 units@ $85.89 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 80 units @ $60.80 per unit 140 units @ $62.80 per unit References 120 units @ $95.80 per unit 370 units 530 units Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. Connect Homework - Chapter 5 Saved Help Save & Exit Submit Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. 60 cm Part 2 of 2 of Complete this question by entering your answers in the tabs below. points Book Perpetual FIFO Perpetual LIFO Weighted Specific la Average Print Compute the cost assigned to ending inventory using FIFO. References Perpetual FIFO Goods Purchased # of Cost per units unit # of units sold Cost of Goods Sold Cost per conto i de Sold Cost of Goods Sold Date March 1 Inventory Balance #ofanite of units Cost per Inventory Balance 90 @ $50.80 - $ 4,572 March 5 March 9 Connect Homework - Chapter 5 Saved Help Save & Exit Submit HARI Required information March 18 Part 2 of 2 March 25 points eBook References Totals Per FFO Perpetual LIFO > Connect Homework - Chapter 5 0 Saved Help Save & Exit Submit Required information Complete this question by entering your answers in the tabs below. Part 2 of 2 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. points Perpetual LIFO: Goods Purchased #of Cost per units unit Cost of Goods Sold of units Cost per Cost of Goods Sold sold unit eBook Date Inventory Balance #of units Cost per Inventory unit Balance 90 @ $50.80 = $ 4,572. Print March 1 References March 5 March 9 March 18 Connect Homework - Chapter 56 Saved Help Save & Exit Submit Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Part 2 of 2 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal plac Neighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance points Date Cost of Goods Sold units unit unit sold #of units 90 @ unit $50.80 Inventory Balance $ 4,572.00 March 1 eBook March 5 Print References lverage March 9 March 18 Average March 25 March 29 Totals Connect Homework - Chapter 5 Saved Help Save & Exit Submit Required information Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Part 2 of 2 Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale con and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 uni points Inventory Balance Specific Identification: Goods Purchased # of Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold eBook Date # of units 90 @ Inventory Balanc $50.80 = $ 4,572. References March 5 March 9 March 18 Connect Homework - Chapter 5 A Help Save & Exit Submit Required information r answers in the tabs below. Specific Id Part 2 of 2 ry using specific identification. For specific identification, the March 9 sale consisted of 60 units from beginning inventory e March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase. points Cost of Goods Sold f units Cost per Cost of Goods sold unit Sold eBook Inventory Balance # of units #fute Cost per cost per Inventory Balance unit 90 @ $50.80 = $ 4,572.00 Print References Connect Homework - Chapter 5 Saved Help Save & Exit Submit Required information Part 2 of 2 Specific Identification: Goods Purchased # of Date Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods s old unit Sold Inventory Balance # of units cost per Inventory Balance 90 @ $50.80 = $ 4,572.00 March 5 points eBook March 9 Print References March 18 March 25 March 29 Connect Homework - Chapter 5 Saved Help Save & Exit Submit Required information March 18 Part 2 of 2 March 25 points eBook Print March 29 References Totals