Required information

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

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

March $1$ Beginning inventory $150$ units @ $$52\mathrm{.}00$ per unit

March $5$ Purchase $250$ units @ $$57\mathrm{.}00$ per unit

March $9$ Sales $310$ units @ $$87\mathrm{.}00$ per unit

March $18$ Purchase $110$ units @ $$62\mathrm{.}00$ per unit

March $25$ Purchase $200$ units @ $$64\mathrm{.}00$ per unit

March $29$ Sales $180$ units @ $$97\mathrm{.}00$ per unit

Totals $710$ units $490$ 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 $90$ units from beginning inventory, $220$ units from the March $5$ purchase, $70$ units from the March $18$ purchase, and $110$ units from the March $25$ purchase.