Question: Compute the cost assigned to ending inventory using FIFO Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual

Compute the cost assigned to ending inventory using FIFO

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, (C) LIFO, (C) weighted average, and (d) specific identification. For specific identfication, units sold include 130 units from beginning inventory, 260 units from the March 5 purchase, 110 units from the March 18 purchase, and 150 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. 3 (1) Required information Prev 34 of 6 Next

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