Question: Required information Problem 5-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below] Warnerwoods Company uses a periodic inventory
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Required information Problem 5-2AA Periodic: Alternative cost flows LO P3 [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 For specific identifation, the March 9 sale consisted of 60 units from beginning inventory and 370 units from the March 5 purchase, the March 29 sale consisted of 50 units from the March 18 purchase and 130 units from the March 25 purchase. Problem 5-2AA Part 3 3. Compute the cost assigned to ending inventory using (a) FiFO, (b) LFO, (c) weighted average, and (d) specific identification (Round your average cost per unit to 2 decimal places.)
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