Chrome File View Edit Inbox (277) - abig x History Bookmarks Profiles Tab Window Help MACC101 Principle: x (4726) IFRS vs. G x QuickLaunchSSO X M Question 15 - Cha X M Question ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252 hapter 6 Homework 15 Saved Part 3 of 4 10.34 points Required information Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3 [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 March 1 March 5 Activities Units Sold at Retail Beginning inventory Purchase eBook March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Ask Totals Units Acquired at Cost 110 units @$45 per unit 410 units @$50 per unit 140 units @$55 per unit 220 units @$57 per unit 880 units 430 units @$80 per unit 180 units @ $90 per unit 610 units Print References Mc Graw Hill f For specific identification, units sold include 60 units from beginning inventory, 370 units from the March 5 purchase, 50 units from the March 18 purchase, and 130 units from the March 25 purchase. Problem 6-2AA (Algo) Part 3 3. 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 2 decimal places. a) Periodic FIFO 11973 -> C Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods Cost of # of units in # of units Cost per Canda Cost per Ending JUN 13 < Prev 15 16 of 16 tv♫ MacBook Pro G Search or type URL 4 >
Chrome File View Edit Inbox (277) - abig x History Bookmarks Profiles Tab Window Help MACC101 Principle: x (4726) IFRS vs. G x QuickLaunchSSO X M Question 15 - Cha X M Question ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252 hapter 6 Homework 15 Saved Part 3 of 4 10.34 points Required information Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3 [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 March 1 March 5 Activities Units Sold at Retail Beginning inventory Purchase eBook March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Ask Totals Units Acquired at Cost 110 units @$45 per unit 410 units @$50 per unit 140 units @$55 per unit 220 units @$57 per unit 880 units 430 units @$80 per unit 180 units @ $90 per unit 610 units Print References Mc Graw Hill f For specific identification, units sold include 60 units from beginning inventory, 370 units from the March 5 purchase, 50 units from the March 18 purchase, and 130 units from the March 25 purchase. Problem 6-2AA (Algo) Part 3 3. 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 2 decimal places. a) Periodic FIFO 11973 -> C Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods Cost of # of units in # of units Cost per Canda Cost per Ending JUN 13 < Prev 15 16 of 16 tv♫ MacBook Pro G Search or type URL 4 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Chrome
File
View
Edit
Inbox (277) - abig x
History Bookmarks
Profiles
Tab Window
Help
MACC101 Principle: x
(4726) IFRS vs. G
x QuickLaunchSSO X
M Question 15 - Cha
X
M Question
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252
hapter 6 Homework
15
Saved
Part 3 of 4
10.34
points
Required information
Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3
[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
March 1
March 5
Activities
Units Sold at Retail
Beginning inventory
Purchase
eBook
March 9
Sales
March 18
Purchase
March 25
Purchase
March 29
Sales
Ask
Totals
Units Acquired at Cost
110 units @$45 per unit
410 units @$50 per unit
140 units @$55 per unit
220 units @$57 per unit
880 units
430 units @$80 per unit
180 units @ $90 per unit
610 units
Print
References
Mc
Graw
Hill
f
For specific identification, units sold include 60 units from beginning inventory, 370 units from the March 5 purchase, 50
units from the March 18 purchase, and 130 units from the March 25 purchase.
Problem 6-2AA (Algo) Part 3
3. 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 2 decimal places.
a) Periodic FIFO
11973
->
C
Cost of Goods Available for Sale
Cost of Goods Sold
Ending Inventory
Cost per
Cost of
Goods
Cost of
# of units in
# of units
Cost per
Canda
Cost per
Ending
JUN
13
< Prev
15
16
of 16
tv♫
MacBook Pro
G Search or type URL
4
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8181fc17-017e-49a6-9c0b-96e71b172317%2F52fe7156-45d3-413f-abe3-21ecfd953456%2F6y1x4f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Chrome
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View
Edit
Inbox (277) - abig x
History Bookmarks
Profiles
Tab Window
Help
MACC101 Principle: x
(4726) IFRS vs. G
x QuickLaunchSSO X
M Question 15 - Cha
X
M Question
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252
hapter 6 Homework
15
Saved
Part 3 of 4
10.34
points
Required information
Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3
[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
March 1
March 5
Activities
Units Sold at Retail
Beginning inventory
Purchase
eBook
March 9
Sales
March 18
Purchase
March 25
Purchase
March 29
Sales
Ask
Totals
Units Acquired at Cost
110 units @$45 per unit
410 units @$50 per unit
140 units @$55 per unit
220 units @$57 per unit
880 units
430 units @$80 per unit
180 units @ $90 per unit
610 units
Print
References
Mc
Graw
Hill
f
For specific identification, units sold include 60 units from beginning inventory, 370 units from the March 5 purchase, 50
units from the March 18 purchase, and 130 units from the March 25 purchase.
Problem 6-2AA (Algo) Part 3
3. 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 2 decimal places.
a) Periodic FIFO
11973
->
C
Cost of Goods Available for Sale
Cost of Goods Sold
Ending Inventory
Cost per
Cost of
Goods
Cost of
# of units in
# of units
Cost per
Canda
Cost per
Ending
JUN
13
< Prev
15
16
of 16
tv♫
MacBook Pro
G Search or type URL
4
>
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