Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March lonn I w Unita Sold at Retail Activities Beginning inventory Unita Mequired at Coat 100 units $50.00 per unit 420 units $85.00 per unit 200 units $62.00 per upit 160 units 595.00 per unit Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, UFO, (c) weighted average, and a specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Average Specific to Compute the cost assigned to ending inventory using FIFO. Perpetual Goods Purchased Cost per Cost of Goods Sold Cost per cost of Goods Sold of units March 1 March 5 Inventory Balance of units Cost per Inventory 100 @ $5000 - $ 5.000.00 100 550.00 - $ 5.000.00 400 @ $55.00 - 22.000.00 5 27.000.00 @ $50.00 @ 555.00 400 $ 5500 5 0 .00 March 9 0.001 4 of 4 3 !! Next > Part 3 of 4 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. points Perpetual LIFO: Goods Purchased of Cost per unit Date #of units sold Cost of Goods Sold Inventory Balance Cost per cost of Goods Solda unit Cost of Goods Sold of units te inventory Bal n tory 100 @ $50.00 - $ 5,000.00 March 1 March 5 References March 9 March 18 March 25 March 29 0.00 Part 3 of 4 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and Idl specific identificat specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 pur March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase points Complete this question by entering your answers in the tabs below. eBook Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places Print Weighted Average Perpetual Goods Purchased Date of Cost per 1 units unit References Cost of Goods Sold Cost per Cost of Goods Sold unit Cost of Goods Sold of units sold Inventory Balance of units Inventory Bala 100 @ $50.00 - $ 5.000.00 March 1 March 5 Average March 9 March 18 Average March 25 March 29 Totals ( Perpetual LIFO Specific id > 10 points Complete this question by entering your answers in the tabs below. eBook Perpetual FIFO Perpetual LIFO Specin Id Average Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 80 units from beinn and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchas Spesific Identification: Goods Purchased Cost per Date unit Inventory Balance References Cost of Goods Sold Cost per cost of Goods Sold unit Cost per of units sold of units Balance of units 100 @ $50.00 - $ 5.000.00 March 1 March 5 March 9 March 18 3