Question: Exam saved Help Save 6 Exit Submit + Required information The following information applies to the questions displayed below) Wamerwoods Company uses a perpetual inventory




Exam saved Help Save 6 Exit Submit + Required information The following information applies to the questions displayed below) Wamerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost units Sold at Retail March 1 Beginning inventory 100 units 558 per unit March 5 Purchase 400 units 555 per unit March 9 Sales 422 units 185 per unit March 18 Purchase 120 units esse per unit March 25 Purchase 200 units 562 per unit March 29 Sales 160 units 195 per unit Totals 820 units 588 units 45 3. Compute the cost assigned to ending inventory using FIFO, UFO, Id weighted average, and (c) specific identification. 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 Complete this question by entering your answers in the tabs below. Perpetual Piro Perpetual UFO Weighted Average Specified Compute the cost assigned to ending Inventory using FIFO Required information De Goods Purchased of units Cost per unit of units so Cost of Goods Sold Cost per Cost of Good Sold Inventory.balance Cost per of units Inventory Unit Balance 100 55000 5.00000 4 March 1 March Total March 5 March Tower March Total March 10 March 25 Tal March 25 March 29 To March 20 Total S Cost of Goods Shed Pootschand Cost per Wof units Coupe Cost of Goods Sold un Inventory Relance Cost per of unite Inventory Balance 100 550.00 5,000.00 Port Meht March Total March March March March 10 Toto March 18 March 28 Tots March 25 March 29 To March 20 Perpetual vir Perpetual o Weighted Average Sprofil Compute the cost assigned to ending wentory using weighted average. (Round your average cost per unit to 2 decimal places) Weighted Average Peral: Cost of Goods Sold Inventory Balance Dette Cost per of units Cost per sold Cost of Goods Sold # of units Cost per troventory Batata unit March 1 100 $50,00 $ 5.000.00 . March Arregi March March Auto March 18 March 20 Age March 25 March 2 To PerLIFO Specificid > 00 3. Compute the cost assigned to ending inventory using (FIFO, LIFO. (weighted average, and specific identification. 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 Part 3 Complete this question by entering your answers in the tabs below. 04:40: Perpetual Pro Perpetual UFO Weighted Average Specific id Compute the cost assigned to ending inventory using specific identification for specific identification, units sold include 80 units from beginning inventory, 340 units fron Spurchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase Specific Identification Good Praha Cost at Good Sold yan One of unite Cest Good of units Cost Cost of Goods Cout Inventory per un Puchared sold per unit Sold of units per unit Balance akt 100 350.00 $5,000 550.00 S5000 March 400 556.00 22.000 w $56.00 - $5500 March 18 120 500.00 7.200 $ 60.00 - at $60.00 March 25 200 $12.400 562.00 - at Total 562.00
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