Required information (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 Activities units old at Reall onits Acired at Cast 160 units@ $52. 255 units@ $57.20 1 beginning inventory 1. Purchase Sales per unit 120 units@ $87.20 per unit 13 Purchase 115 units 342.20 per unit 210 units@ $64. Par. 25 Purchase 190 $7.20 pet 530 units 740 units 3. Compute the cost assigned to ending inventory using a FIFO, LIFO, (dweighted average and specific identification For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase, the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Weighted Perpetual FFC Petual LIFO Specific d Average Compute the cost assigned to ending inventory using FIFO
Required information (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 Activities units old at Reall onits Acired at Cast 160 units@ $52. 255 units@ $57.20 1 beginning inventory 1. Purchase Sales per unit 120 units@ $87.20 per unit 13 Purchase 115 units 342.20 per unit 210 units@ $64. Par. 25 Purchase 190 $7.20 pet 530 units 740 units 3. Compute the cost assigned to ending inventory using a FIFO, LIFO, (dweighted average and specific identification For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase, the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Weighted Perpetual FFC Petual LIFO Specific d Average Compute the cost assigned to ending inventory using FIFO
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
5
![term/Test #2-C4&5
6
Seve
Required information
(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
2012
for March
Activities
Units Sold at Retail
1 beginning Inventory
Units Acquired at Cost
160 units@ $52.20 per unit
255 units 157.20 per unit
Har
Mar.
Purchase
Sales
120 units@ $87.20 per unit
Mar. 18 Purchase
115 units 362,20 per unit
210 units@ $64.30 per unit
Par 25 Purchase
MA
far: 29 Sales
190 unit $97.20 per unit
$10 units
740 units
3. Compute the cost assigned to ending inventory using a FIFO. D) LIFO, (c) weighted average, and (d) specific identification. For
specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase, the
March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase.
Complete this question by entering your answers in the tabs below.
Perpetual FIFO Perpetual LIFO
Weighted
Average
Specific Id
Compute the cost assigned to ending inventory using FIFO,
PEO
Goods Pechased
Cost of Goods Sold
Inventory Balance
Cost per
un
# of
Cost per Cost of Goods Sold
Done
of its
sold
units
anit
Mann 1
$52.20
Mach
Cost per
snit
of units
160 @
leventory
Balance
$6.352.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc47b8794-c2f2-4d04-9fad-4e8825beb778%2F28f64e00-bc49-4eca-9032-143b782111b4%2Fqqsmrhz8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:term/Test #2-C4&5
6
Seve
Required information
(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
2012
for March
Activities
Units Sold at Retail
1 beginning Inventory
Units Acquired at Cost
160 units@ $52.20 per unit
255 units 157.20 per unit
Har
Mar.
Purchase
Sales
120 units@ $87.20 per unit
Mar. 18 Purchase
115 units 362,20 per unit
210 units@ $64.30 per unit
Par 25 Purchase
MA
far: 29 Sales
190 unit $97.20 per unit
$10 units
740 units
3. Compute the cost assigned to ending inventory using a FIFO. D) LIFO, (c) weighted average, and (d) specific identification. For
specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase, the
March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase.
Complete this question by entering your answers in the tabs below.
Perpetual FIFO Perpetual LIFO
Weighted
Average
Specific Id
Compute the cost assigned to ending inventory using FIFO,
PEO
Goods Pechased
Cost of Goods Sold
Inventory Balance
Cost per
un
# of
Cost per Cost of Goods Sold
Done
of its
sold
units
anit
Mann 1
$52.20
Mach
Cost per
snit
of units
160 @
leventory
Balance
$6.352.00
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