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Problem A Algo Perpetual: Alternative cost flows LO P
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
tableDateActivities,Units,Acquired at costUnits Sold at RetailMarch Beginning inventory, units,@ $ per unit,sMarch Purchase, units,@ $ per unit,March Sales,,, units @ $ per unitMarch Purchase, units,@$ per unit,tableMarch March tablePurchaseSales units,@$ per unit, units a $oer unitTotals, units, units
Problem A Algo Part
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted aqverage, and c specific identification. For specific identification, units sold include units from beginning Inventory, units from the March purchase, units from the March purchase, and units from the March purchase.
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