Question: Compute the cost assigned to ending inventory using a. FIFO b. LIFO c. weighted average d. specific indentification. Problem 6-2AA (Static) Periodic: Alternative cost flows

Compute the cost assigned to ending inventory using a. FIFO b. LIFO c. weighted average d. specific indentification.
Compute the cost assigned to ending inventory using a. FIFO b. LIFO

Problem 6-2AA (Static) Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transaction for March. 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. Problem 6-2AA (Static) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Rou your "average cost per unit" to 2 decimal places.)

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