Question: Required information Problem 5 - 2 AA ( Algo ) Periodic: Alternative cost flows LO P 3 Skip to question [ The following information applies
Required information
Problem AA Algo Periodic: Alternative cost flows LO P
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Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
Date Activities Units Acquired at Cost Units Sold at Retail
March Beginning inventory units @ $ per unit
March Purchase units @ $ per unit
March Sales units @ $ per unit
March Purchase units @ $ per unit
March Purchase units @ $ per unit
March Sales units @ $ per unit
Totals units units
For specific identification, units sold include units from beginning inventory, units from the March purchase, units from the March purchase, and units from the March purchase.
Problem AA Algo Part
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and d specific identification.
Note: Round your "average cost per unit" to decimal places.
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