Question: 3 Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [The following information applies to the questions displayed below.] Part 3 of 4

 3 Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO

3 Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [The following information applies to the questions displayed below.] Part 3 of 4 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. 6 points Units Sold at Retail Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 340 units @ $87.60 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 125 units @ $62.60 per unit 230 units @ $64.60 per unit eBook 210 units @ $97.60 per unit 550 units 800 units Ask Problem 5-1A (Algo) Part 3 Print 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, () weighted average, and (d) specific identification. For specific identification, units sold include 105 units from beginning inventory, 235 units from the March 5 purchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase. References Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Cost Cost of Goods Sold per unit Goods Purchased # of units Cost per unit Date # of units sold Inventory Balance Cost Inventory # of units per unit Balance 180 at $52.60 = $ 9,468.00 March 1 March 5 Total March 5 March 9 Total March 9

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