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Required Information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 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. Date March 1 March S March 9 March 18 March 25 March 29 Perpetual FIFO Perpetual LIFO SICHE March 5 Complete this question by entering your answers in the tabs below. Weighted Average Compute the cost assigned to ending inventory using FIFO. Toul March 5 #achs Problem 6-1A (Algo) Part 3 3. 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 135 units from beginning inventory. 265 units from the March 5 purchase. 115 units from the March 18 purchase, and 155 units from the March 25 purchase. Total March 9 March 16 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Total March 18 Towl March 25 March 29 Total March 29 Goods Purchased of unite Units 240 units 295 units Cost Specific Id 155 units $63.80 per unit 290 units365.80 per unit 980 units of units Acquired at Cost $53.80 per unit @$98.88 per unit Perpetual FIFO: Cost of Goods Sold per unit Cost of Good- Sold S 0.00 Units sold at Retail #of units 400 units @ $88.80 per unit 278 units@ $98.80 per unit 678 units Inventory Balance Coat per unit $59.80 Inventory Balance 12,912.00

Required information Problem 61A (Algo) Perpetual: Alternative cost flows LO P1 Tor Morch: Problem 6-1A (Algo) Part 3 March ta purchisit, ond 155 units from the Morch 25 purchose. Complete this quention by thitering your anawers in the tabs below

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