Required information

Problem $5-1$A $($Algo$)$ Perpetual: Alternative cost flows LO P$1$

$[$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

Beginning inventory

Purchase

Sales

Purchase

Purchase

Sales

Totals

Units Sold at Retail

$360$ units @ $$88\mathrm{.}00$ per unit

$\frac{230\text{u}\text{n}\text{i}\text{t}\text{s}}{590\text{u}\text{n}\text{i}\text{t}\text{s}}$$$98\mathrm{.}00$ per unit

Problem $5-1$A $($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 $115$ units from beginning inventory, $245$ units from the March $5$ purchase, $95$ units from the

March $18$ purchase, and $135$ 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