Problem 5-1A Perpetual: Alternative cost flows LO P1 Skip to question [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 inventory 110 units @ $51.20 per unit Mar. 5 Purchase 230 units @ $56.20 per unit Mar. 9 Sales 270 units @ $86.20 per unit Mar. 18 Purchase 90 units @ $61.20 per unit Mar. 25 Purchase 160 units @ $63.20 per unit Mar. 29 Sales 140 units @ $96.20 per unit Totals 590 units 410 units

Required information Problem 5-1A 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 110 units@ $51.20 per unit 230 units@ $56. 20 per unit 270 units@ $86. 20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 90 units@ $61.20 per unit 160 units@ $63. 20 per unit 140 units@ $96.20 per unit 410 units 590 units 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: Goods Purchased # of Date Cost per # of units units unit sold March 1 Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance # of units Cost per Inventory Balance unit 110 @ $51.20 = $ 5,632.00 March 5 230 @ $ 56.20 110 @ 230 @ 340 a $ 51.20 = $ 56.20 = $ 5,632.00 12,926.00 $ 18,558.00 Average March 9 March 18 90 @ $61.20 70 90 @ 160 @ $61.20 = 5,508.00 5,508.00 Average $ March 25 1601 @ $63.20 160 160 @ 320 $63.20 = @ @ 10.112.00 $ 10,112.00 140 1801 March 29 Totals $ 0.00 Required information Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase. Specific Identification: Goods Purchased Date # of units unit March 1 Cost per # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance # of units Cost per Inventory Balance unit 110 @ $ 51.20 = $ 5,632.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00