Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 Skip to...
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Required information Problem A Algo Periodic: Alternative cost flows LO P Skip to question The following information applies to the questions displayed below. Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail March Beginning inventory units @ $ per unit March Purchase units @ $ per unit March Sales units @ $ per unit March Purchase units @ $ per unit March Purchase units @ $ per unit March Sales units @ $ per unit Totals units units For specific identification, the March sale consisted of units from beginning inventory and units from the March purchase; the March sale consisted of units from the March purchase and units from the March purchase. Problem A Algo Part Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d specific identification. Note: Round your "average cost per unit" to decimal places. Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d specific identification. Note: Round your "average cost per unit" to decimal places.
Required information
Problem A Algo Periodic: Alternative cost flows LO P
Skip to question
The following information applies to the questions displayed below.
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
Date Activities Units Acquired at Cost Units Sold at Retail
March Beginning inventory units @ $ per unit
March Purchase units @ $ per unit
March Sales units @ $ per unit
March Purchase units @ $ per unit
March Purchase units @ $ per unit
March Sales units @ $ per unit
Totals units units
For specific identification, the March sale consisted of units from beginning inventory and units from the March purchase; the March sale consisted of units from the March purchase and units from the March purchase.
Problem A Algo Part
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d specific identification.
Note: Round your "average cost per unit" to decimal places.
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d specific identification.
Note: Round your "average cost per unit" to decimal places.
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