Question: please complete all parts A,B,C,D Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [The following information applies to the questions displayed below.]

 please complete all parts A,B,C,D Required information Problem 5-1A (Algo) Perpetual:

please complete all parts A,B,C,D

Alternative cost flows LO P3 [The following information applies to the questions

Required information Problem 5-1A (Algo) 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 March 1 March 5 March 9 March 18 March 25 March 29 Perpetual FIFO Perpetual LIFO Date March 1 March 5 Complete this question by entering your answers in the tabs below. Weighted Average Compute the cost assigned to ending inventory using FIFO. Total March 5 March 9 Problem 5-1A (Algo) 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, units sold include 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase. Total March 9 March 18 Total March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Total March 25 March 29 Total March 29 Totals Goods Purchased # of units Units Acquired at Cost 220 units @ $53.40 per unit 285 units @ $58.40 per unit Cost per unit 145 units 270 units Specific Id 920 units # of units sold $63.40 per unit @ $65.40 per unit Perpetual FIFO: Cost of Goods Sold Cost per Cost of Goods Sold unit $ Inventory Balance $ 11,748.00 Required information Problem 5-1A (Algo) 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 March 1 March 5 March 9 March 18 March 25 March 29 Activities Gross Margin Beginning inventory. Purchase Sales Problem 5-1A (Algo) Part 4 Sales Less: Cost of goods sold Gross profit Purchase Purchase Sales Totals FIFO Units Acquired at Cost 220 units @ $53.40 per unit 285 units @ $58.40 per unit LIFO 145 units @ $63.40 per unit. 270 units @ $65.40 per unit 920 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Weighted Average Units Sold at Retail Specific ID 380 units @ $88.40 per unit. 250 units @ $98.40 per unit 630 units

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