Question: Only need the answer to Specific ID Required information Problem 5-1A (Static) Perpetual: Alternative cost flows LO P1 The following information applies to the questions

Only need the answer to "Specific ID"
Only need the answer to "Specific ID" Required information Problem 5-1A (Static)
Perpetual: Alternative cost flows LO P1 The following information applies to the

Required information Problem 5-1A (Static) 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 Units sold at Retail Units acquired at Cost 100 units $50 per unit 400 units e $55 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 420 units e $85 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 120 units 200 units # $60 per unit 562 per unit 160 unitse $95 per unit 820 units 580 units Problem 5-1A (Static) Part 3 3. Compute the cost assigned to ending inventory using (2) FIFO, (D) LIFO, () 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 Fifo Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using specific identification. For specific identification, units sold include 80 units from beg 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Specific Identification Goods Purchased Cost of Goods Sold Inventory Balance Date of units Cost per Goods # of units cost per cost of Goods Sold # of units Cost per inventory Balance unit Puchased sold unit March 1 100 at $ 50,00 $ 5,000 at $50.00 $ 0.00 at $50.00 S 0.00 March 5 400 ot $ 55.00 22,000 at $ 55,00 at $ 55.00 - March 18 120 at $ 60.00 7.200 ot $ 60,00 0.00 ut $ 60.00 - 0.00 March 25 200 at $ 62.00 $ 12.400 at $ 62.00 $ 62,00 Totals $ 0.00 $ 0.00 at

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