Question: Having some difficulty figuring out how to solve these problems! The FIFO, LIFO, Weighted average, and Specific ID are needed! Thanks in advance Required information
Required information Problem 5-1A 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 Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Units Acquired at Cost 228 units $53.40 per unit 285 units $58.48 per unit 380 units $88.48 per unit 145 units e $63.48 per unit 270 units $65.48 per unit Mar. 25 Purchase Mar. 29 Sales 250 unitse $98.40 per unit 630 units Totals 920 units Problem 5-1A Part 3
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
