Question: k Saved Required information Problem 5-2AA Perpetual: Alternative cost flows LO P3 The following information applies to the questions displayed below.) Warnerwoods Company uses a

 k Saved Required information Problem 5-2AA Perpetual: Alternative cost flows LO
P3 The following information applies to the questions displayed below.) Warnerwoods Company

k Saved Required information Problem 5-2AA Perpetual: Alternative cost flows LO P3 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 Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning 70 units @ $50.40 per inventory * unit + @ $55.40 per Mar. 5 Purchase 238 unite@$85.40 per Mar. 9 Sales 210 units unit 230 units unit 70 units @ $60.40 per 70 units unit Mar. 18 Purchase 120 units @ $62.40 per Mar. 25 Purchase 100 units unit 1ee units@ $95.40 per 338 units Mar. 29 Sales Totals 470 units 10 11 of 11 a 9 w Tch mework Saved Mar. 25 Purchase 120 units 02.40 per Mar. 29 Sales 100 units @ $95.40 per unit 330 units Totals 478 units Problem 5-2AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b)LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 180 units from the March 5 purchase the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase. Complete this questions by entering your answers in the below tabs. Weighted Average Specific Id Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places 10 11 of 11 Next >

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