Question: please answer all charts ms Swed Required information {The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It






ms Swed 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 Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 100 units $51.ee per unit March 5 Purchase 225 units @ $56.00 per unit March 9 Sales 260 units @ $86.00 per unit March 18 Purchase 85 units @ $61.00 per unit March 25 Purchase 150 units @ $63.00 per unit March 29 Sales 130 units @ $96.ee per unit Totals 560 units 390 units 3. Compute the cost assigned to ending inventory using () FIFO (6) LIFO. ( weighted average, and (d) specific identification For specific Identification, units sold include 65 units from beginning inventory. 195 units from the March 5 purchase. 45 units from the March 18 purchase, and 85 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Weighted Perpetual FIFO perpetual LIFO Specific id Average Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date Cost per of units Cost per # of units unit sold unit Cost of Goods Sold March 1 225 at $56.00 March 5 Inventory Balance Cost per #of units Inventory unit Balance 100 at $51.00 $ 5,100.00 100 at 225 at $ 51.00 $ 56.00 - $ 5,100.00 12,600.00 $ 17,700.00 Total March 5 100 at $51.00 5 5.100.00 o at $ 5100 Man Required information 225) al $ 56.00 March 5 100) at 225 at $51.00 - $ 56.00 - $ 5,100.00 12,600.00 $ 17,700.00 Total March 5 $ March 9 1001 at 160 at S51.00 $ 56.00 5,100.00 8,960.00 14,060.00 0 at 65 at $51.00 $ 56,00 = 3,640.00 $ 3,640.00 Total March 9 S 85 at $61.00 March 18 o at 65 at 85 at $ 51.00 $ 56.00 - $ 61.00 3,840.00 5,185.00 $ 8,825.00 Total March 18 150 at $63.00 March 25 O at 65 at 85 at 150 at $ 51,00 $ 56,00 - $61.00 - $63.00 - 3,640.00 5,185.00 9,450.00 $ 18,275,00 Total March 25 GA $ March 29 o at 65 at 65 at o al $ 51.00 $ 56.00 $61.00 $ 63.00 0.00 3,640.00 3,965.00 0.00 7,605.00 21.665.00 O at o at 20 at 150 at $ 51.00 $56.00 $ 61.00 - $ 63.00 = 1,220.00 9,450.00 $ 10,670.00 $ 10,670.00 Total March 29 Totals $ S Perpetual FIFO Perpetual LIFO 3. Compute the cost assigned to ending Inventory using (a) FIFO. (6) LIFO, (weighted average, and (d) specific identification specific Identification, units sold include 65 units from beginning inventory, 195 units from the March 5 purchase, 45 units from March 18 purchase, and 85 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 LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Date Cost per # of units Cost per #of units Cost of Goods Sold unit sold unit March 1 Inventory Balance Inventory Cost per # of units unit Balance 100 at $ 51.00 $ 5,100.00 100 at $ 51.00 $ 5,100.00 225 at $ 56.00 - 12,600.00 $ 17,700.00 225 at $50.00 March 5 Total March 5 $ 3,315.00 225 at 35 at $51.00 $ 56.00 March 9 $ 11,475.00 1,960,00 $ 13,435.00 65 at ol at $ 51.00 $ 56.00 - $ 3,315.00 Total March 9 85 at $61.00 $ 3,315,00 March 18 65 at 0 at 85 at $ 51.00 - $ 56.00 $ 61.00 - 5,185.00 8,500.00 Total March 18 $ 150 at $ 63.00 S 3,315.00 March 25 65 at 0 at 85 at 150 at $51.00 = $ 56.00 $61.00 - $ 63.00 5,185.00 9,450.00 $17.950.00 Total March 25 S $ 3,315.00 o at 0 at al $51.00 $56.00 S 8100 0.00 0.00 65 at 0 at 851 Al $ 51.00 - $ 56,00 S6100 = March 29 1 666? 5 185 00 Required information 225 at $56.00 $ 51,00 = March 5 100 at 225 at $ 5,100.00 12,600.00 $ 17,700.00 of 4 $ 56.00 = Total March 5 $ 3,315,00 March 9 225 at 35 at $ 51.00 $ 56,00 $ 11,475.00 1.960.00 $ 13,435.00 65 at 0 at $ 51.00 = $58.00 = Total March 9 $ 3,315,00 85 at S 61.00 $ 3,315.00 March 18 65 at ol at 85 at $ 51.00 = $ 56.00 $61.00 - 5.185.00 8,500.00 Total March 18 $ 150 at $ 63.00 S 3,315.00 March 25 65 at o at 85 at 150) at $ 51,00 $ 56.00 $ 61.00 $63.00 ncos 5,185.00 9.450.00 $ 17,950.00 Total March 25 $ $ 3,315.00 March 29 0 at o at 0 at 130 at $ 51.00 $ 56.00 $61.00 $63.00 0.00 0.00 0.00 8,190,00 8,190,00 65) at o at 85 at 20 at $ 51.00 $56.00 $61.00 $63.00 = $ Total March 29 Totals 5.185.00 1.260.00 9,760.00 9,780.00 $ 21,625.00 $
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