Question: Required information Problem 5-1AA Periodic: Alternative cost flows LO P1 (The following information applies to the questions displayed below.] Wamerwoods Company uses a periodic inventory

 Required information Problem 5-1AA Periodic: Alternative cost flows LO P1 (The
following information applies to the questions displayed below.] Wamerwoods Company uses a

Required information Problem 5-1AA Periodic: Alternative cost flows LO P1 (The following information applies to the questions displayed below.] Wamerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 185 units $75 per unit 485 units 580 per unit 505 units@ $110 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar 25 Purchase Mar 29 Sales Totals 290 units 370 units $85 per unit 587 per unit 3.30 units 335 units 5120 per unit 1,330 units For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 465 units from the March 5 purchase, the March 29 sale consisted of 125 units from the March 18 purchase and 205 units from the March 25 purchase Problem 5-1AA Part 3 un cinn a FIFO thi LIFO felweighted average, and (d) specific identification 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO, (c) weighted average, and (d) specific identification. Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic UFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. di Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Go Cost per of units Cost of Goods Available for Sale Sol of units sold Cost per unit Cost of Goods Sold #of units in ending inventory Cost per unit Ending Inventory unit Sol $ Beginning inventory Purchases March 5 March 18 March 25 Total 0 0 0 0 0 0 0 0 0

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