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 5-2AA (Algo) Periodic: Alternative cost flows LO P3
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[The following information applies to the questions displayed below.]
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 1 Beginning inventory 200 units @ $90 per unit
March 5 Purchase 500 units @ $95 per unit
March 9 Sales 520 units @ $125 per unit
March 18 Purchase 320 units @ $100 per unit
March 25 Purchase 400 units @ $102 per unit
March 29 Sales 360 units @ $135 per unit
Totals 1,420 units 880 units
For specific identification, units sold include 70 units from beginning inventory, 450 units from the March 5 purchase, 140 units from the March 18 purchase, and 220 units from the March 25 purchase.
Problem 5-2AA (Algo) Part 3
3. 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 2 decimal places.

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