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Homework 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 Units sold at Retail Units Acquired at cost 190 units $52,80 per unit 270 units $57.80 per unit Date March 1 March 5 March March 18 March 25 March 29 350 units 0 $87.80 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 138 units $62.80 per unit 240 units: 0 $64.80 per unit 220 units @ $97.00 per unit 570 units 830 units Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. () LIFO, (weighted average, and ( specific identification. For specific Identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Welcher Prev 8 of 8 : Next Required information Date Cost per Cost per cost per w of units sold of units # of units Cost of Goods Sold unit unit unit $ 52.80 = Inventory Balance $ 10,032.00 March 1 1901 at March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 20 Total March 20 Totals 0.00 Perpetual LIFO > Draw Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [The following information applies to the questions displayed below) Wamerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities URES Acquired at Cost units sold at Retail March 1 Beginning inventory 190 units DS52.80 per unit March 5 Purchase 270 units $57.88 per unit March Sales 350 units $87.88 per unit March 18 Purchase 130 units 0 $62.0 per unit March 25 Purchase 240 units 0 $64.80 per unit March 29 Sales 220 units $97.80 per unit Totals 830 units 570 units Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (FIFO (0) LIFO, (a weighted average, and (c) specific identification. For specific identification units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 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 the standingan TEN Required information Cost of Goods Sold Date Gonts Purchased Cost per # of units unit Cost par # of units sold Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 1901 at $ 52.80 = $ 10,032.00 unit March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Tous March 20 Total $ 0.001 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 Units Sold at Retail Units Acquired at cost 190 units @ $52.80 per unit 270 units @ $57.B0 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 350 units @ $87.80 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 130 units 562.80 per unit 240 units @ $64.80 per unit 220 units @ $97.80 per unit 570 units 830 units Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (FIFO. () LIFO (a weighted average, and (c) specific identification For specific identification units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 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 muthamini Hari Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual Cost of Goods Sold Date Goods Purchased Cost per Hof units unit # of units sold Cost per unit of units Cost of Goods Sold Inventory Balance Cost per unit Inventory Balance 52.80 $ 10,032.00 March 1 190 at March 5 Average March 5 March March 18 Average March 18 March 25 Average March 25 March 29 Totals 0.00 Perpetual LIFO Specific id > 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 Units sold at Retail Units Acquired at cost 190 units $52.80 per unit 270 units 0 $57.80 per unit Date March 1 March 5 March 9 March March 25 March 29 350 units @ $87.80 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 138 units $62. Bo per unit 240 units @ $64.88 per unit 22e units @ $97.80 per unit 578 units 830 units Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (d) specific identification. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual UFO Weighted Average Specific ld the dining rifle antistin Freistehen -- work Required information March 18 purchase, and 130 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Weighted Perpetual FUO Perpetual Sond Average Compute the cost signed to ending Inventory using section for specinc dentication, units sold include 110 units from beginning inventory, 240 units from the March Spurchase. 90 units from the March 18 purchase, and 130 units from the March 25 purchase DA Nounas Spo Costoso ou Cod sold 32 . 0.00 Cos Pech of us cost per 100 1520 270 5570 130 3620 2001 5640 God Picha 10032 15.000 MRI Muths Mrs March 1 try Cape inventory Ben 3520 0.00 55710 5620 0.00 S60 5 000 0.000 SI56 SH M 0.00 ( Weight Aage Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P3 [The following information applies to the questions displayed below.) Wamerwoods 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 190 units @ $52.80 per unit 270 units @ $57.B0 per unit Date March 1 March 5 March March 18 March 25 March 29 350 units O $87.80 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 130 units @ $62.80 per unit 240 units @ $64.80 per unit 220 units @ $97.80 per unit 570 units 836 units Problem 5-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase. 90 units from the March 18 purchase, and 130 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar) Gross Margin FIFO LIFO Weighted Average Specific ID Sales Less Cost of goods sold Gross profit