Question: ! Required information Problem 6 - 2 AA ( Algo ) Periodic: Alternative cost flows LO P 3 [ The following information applies to the
Required information
Problem AA Algo Periodic: Alternative cost flows LO P
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.
tableDateActivities,Units Acquired at Cost,Units Sold at RetailtableMarch March tablePurchaseSales units @ $ per unit, units @ $ per unittableMarch March tablePurchasePurchasetable units @ $ per unit units a $ per unitMarch Sales, units d per unit, units @ $ per unitTotals, 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.
a Periodic FIFO
tableCost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory,# of units,tableCost perunittableCost ofGoodsAvailabletable# of unitssoldtableCost perunittableCost ofGoodstable# of units inendingtableCost perunittableEndingInventory
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