Question: 3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO, (c) welghted average, and ( d ) specific Identlfication. For speclfic Identification,




3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO, (c) welghted average, and ( d ) specific Identlfication. For speclfic Identification, units sold Include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 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. Compute the cost assigned to ending inventory using weighted average. Note: Round your average cost per unit to 2 decimal places. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using LIFO. 3. Compute the cost assigned to ending Inventory usIng (a) FIFO, (b) LIFO, ( c ) weighted average, and ( d ) speclfic Identification. For speclfic Identification, units sold Include 100 units from beginning inventory, 230 unlts from the March 5 purchase, 80 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. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. Required information [The following information applles 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 speclfic Identification, unlts sold Include 100 unlts from beginning inventory, 230 units from the March 5 purchase, 80 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. Compute the cost assigned to ending inventory using FIFO
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
