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.
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
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