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Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 Skip to question ...

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Accounting

Required information

Problem 6-1A Perpetual: Alternative cost flows LO P1

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[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.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 100 units @ $51.00 per unit
Mar. 5 Purchase 225 units @ $56.00 per unit
Mar. 9 Sales 260 units @ $86.00 per unit
Mar. 18 Purchase 85 units @ $61.00 per unit
Mar. 25 Purchase 150 units @ $63.00 per unit
Mar. 29 Sales 130 units @ $96.00 per unit
Totals 560 units 390 units

Problem 6-1A Part 3

Complete this question by entering your answers in the tabs below.

  • Perpetual FIFO
  • Perpetual LIFO
  • Weighted Average
  • Specific Id

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