Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales...
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions Units sold at Retail Date Activities Har. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 200 units@ $53.00 per unit 275 units $58.00 per unit 135 units @ $63.00 per unit 258 units 565.00 per unit 360 units @ $88.00 per unit 230 units 598.00 per unit 590 units 860 units Como ending inventory using (a) FIFO. (D) LIFO. (c) weighted average, and (d) specific identification. For specific dentification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase Complete this question by entering your answers in the tabs below. per unit per unit per unit Perpetual vivo Perpetual uro Weighted Specific Id Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places) Walahted Average Perpetual Goods Purchased Cost of Goods Sold Inventory Balance ol Cont of units Cost Cost Cost of Goods Sold Wof units Inventory Balance units Sold March 1 200 553.00 = $ 10.600.00 March 5 275 558.00 @ $53.00 358 00 Average March 360 @ $ 56.90 $ 20.124.00 March 10 135 $6300 0 563 00 Average D March 25 250 565.00 565.00 9 March 2 2301 562 36 $ 14,342 80 5 26600 Required information March 2 se consisted of units from the March 18 purchase ang 18 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual Weighted Specific d compute the cost assigned to ending inventory using specific identification. For spectic identification, the March 9 sale consisted of 115 units from beginning inventary and 245 units from the March 5 purchase the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase. Specific Identification Goods Phone Cont of Goods Sold Inventory Balance Cost per of units Cost per Cost of Goods Cost per unt sold unit Sold of units unt Inventory Balance March 1 200 S53.00 5 10.800.00 Marth 275 550.00 553 00 5 58.00 March March 18 Mach 25 March 29 5 000


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