$!$

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.

$\backslash$table$[[$Date$,$Activities,Units,Acquired at cost$,$Units Sold at Retail$],[$March $1,$Beginning inventory,$60$ units,e $$50\mathrm{.}20$ per unit,$],[$March $5,$Purchase,$205$ units,$(1)$ $$55\mathrm{.}20$ per unit,$],[$March $9,$Sales,,,$220$ units $$85\mathrm{.}20$ per unit$],[$March $18,$Purchase,$65$ units,c $$60\mathrm{.}20$ per unit,$],[$March $25,$Purchase,$110$ units,$$62\mathrm{.}20$ per unit,$],[$March $29,$Sales,,,$90$ units e $$95\mathrm{.}20$ per unit$],[$Totals$,440$ units,,$31$a units$]]$

Problem $5-1$A $($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 $45$ units from beginning inventory, $175$ units from the March $5$ purchase, $25$ units from the March $18$ purchase, and $65$ units from the March $25$ purchase.

Complete this question by entering your answers in the tabs below.

Perpetual FIFO

Perpetual LIFO

Weighted

Specific Id

Compute the cost assigned to ending inventory using FIFO.

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods Purchased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost$],[$per unit$]],\backslash$table$[[$of units$],[$sold$]],\backslash$table$[[$Cost$],[$per unit$]],$Cost of Goods Sold,# of units,$\backslash$table$[[\backslash$table$[[$Cost$],[$per unit$]]],[$$$50\mathrm{.}20$