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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.
Problem A Algo Part
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d 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.
Complete this question by entering your answers in the tabs below.
tablePerpetual FIFO Perpetual LIFO,tableWeightedAverage
Compute the cost assigned to ending inventory using FIFO.
Perpotual FIFO:
