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Accounting

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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific dentification. For specific *dentification, units sold include 100 units from beginning inventory, 230 units from the March purchase, 80 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. Compute the cost assigned to ending inventory using FIFO. Compute the cost assigned to ending inventory using FIFO. Compute the cost assigned to ending inventory using LIFO. Compute the cost assigned to ending inventory using weighted average. Note: Round your average cost per unit to 2 decimal places. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 100 units from beginning inkentory, 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and soles transactions for March. 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar

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