Question: Required information Problem 5 - 1 A ( Algo ) Perpetual: Alternative cost flows LO P 1 [ The following information applies to the questions

Required information
Problem 5-1A (Algo) 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.
Problem 5-1A (Algo) Part 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 105 units from beginning inventory, 235 units from the
March 5 purchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase.
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 Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1

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