Required information
Problem A Algo Perpetual: Alternative cost flows LO P
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.
tableDateActivities,Units Acquired at Cost,Units Sold at RetailtableMarch March tableBeginning inventoryPurchase units @ $ per unit,March tablePurchaseSales units @ $ per unit, units @ $ per unitMarch Purchase, units a $ per unitMarch Purchase, units @ $ per unitSales units @ $ per unitTotals units, units
Problem A Algo Part
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and 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.
Perpetual FIFO Perpetual LIFO
tableWeightedAverage Specific Id
