Compute the cost assigned to ending inventory using FIFO.

Perpetual LIFO

Compute the cost assigned to ending inventory using LIFO.

Weighted Average

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

Specific ID

Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase.

CoursHeroTranscribedText

Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [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. Activities Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 170 units @ $52.40 per unit 260 units @ $57.40 per unit Units Sold at Retail 120 units @ $62.40 per unit 220 units @ $64.40 per unit 330 units @ $87.40 per unit 200 units @ $97.40 per unit 530 units Totals 770 units