Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
Date Activities Units Acquired at Cost Units Sold at Retail
March Beginning inventory units @ $ per unit
March Purchase units @ $ per unit
March Sales units @ $ per unit
March Purchase units @ $ per unit
March Purchase units @ $ per unit
March Sales units @ $ per unit
Totals units units
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.
