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

 Required information Problem 5-2AA Periodic: Alternative cost flows LO P3 The
following information applies to the questions displayed below) Warnerwoods Company uses a

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 Unite sold at Rotana Date Activities MAT 1 Beginning inventory MAR 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Total Units Aequired at Cout 285 unita 575 per unit 485 units seo per unit 290 unita $85 per unit 370 units. $87 per unit sos units6110 per unit 1.330 units 130 unitat $120 per unit 835 unita 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 5-2AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (O) LIFO (c/ weighted average, and (d) specific identification (Round your average cost per unit to 2 decimal places.) Parolero Coat of Goods Sold Ending inventory Cost of Goods Available for sale Cour of Goods Available for Sale $ 0 of units Coat per of units Cost per sold unit Cost of Goods Sold of units In ending Inventory Cost per unit Ending Inventory 5 0.00 $ 0 $ 0.00 $ 0 0 Beginning inventory Purchases March March 18 March 25 Total $ $ 0.00 0.00 0 0 0 0 0.00 0.00 0.00 0 0 0 5 0 0 0 0 Pere LIFO Coat of Gads Available Sale Quod Required Information b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of of units Cost per Goods unit Available for Sale Cost per of units sold Cost of Goods Sold unit of units In ending Inventory Cost per unit Ending Inventory $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 0 0 0 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Average Cost of of units Cost per Goods unit Available for Sale # of units sold Average Cost per Unit Cost Goods Sold # of units Average in ending Cost per Inventory unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total $ 0 $ 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory #of units Cost per Cost per unit Cost of Goods Available for Sale of units sold Cost of Goods Sold unit # of units in ending Inventory Cost per Ending Inventory $ 0 $ 0 Beginning inventory Purchases March 5 March 18 March 25 0 0 0 0 0 Total 0

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