$11$

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Required Information

Problem $6-1$A $($Algo$)$ Perpetual: Alternative cost flows LO P$1$

$[$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.

Problem $6-1$A $($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 $110$ units from beginning Inventory, $240$ units from the March $5$ purchase, $90$ units from the March $18$ purchase, and $130$ units from the March $25$ purchase.

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