Question: Required information Problem 6-1A (Static) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual
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Required information Problem 6-1A (Static) 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. Problem 6-1A (Static) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and ( d ) specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Compute the cost assianed to endina inventorv usina FIFO. Compute the cost assigned to ending inventory using ufo. Compute the cost assigned to ending inventory using welghted average. Note: Round your average cost per une to 2 decimal places Compute the cost assigned to ending imventory using specific identification, For specofic identification, units sold include 80 shits from beginning imventery, 340 units from the March 5 purchase, 49 units from the March 18 purchave; and 120 verits from the March 25 purchase
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