Question: 1.Compute the cost assigned to ending inventory using FIFO. 2.Compute the cost assigned to ending inventory using LIFO. 3.Compute the cost assigned to ending inventory

1.Compute the cost assigned to ending inventory using FIFO. 2.Compute the

1.Compute the cost assigned to ending inventory using FIFO.

2.Compute the cost assigned to ending inventory using LIFO.

3.Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.)

4.Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase.

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. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For secific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below

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