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Required information The following information applies to the questions displayed below Warnerwoods Company uses a...

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Accounting

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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 Acquired at Cost 180 units$52.60 per unit 265 units $57.60 per unit Units Sold at Retail Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 340 units $87.60 per unit 125 unitse $62.60 per unit 230 unitse $64.60 per unit 210 unitse $97.60 per unit 50 units Totals 800 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. Complete this questions by entering your answers in the below tabs. Weighted Average Specific Id al FIFO Perpetual LIFO Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold

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