Save & Exit Sub Saved Help Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 [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 Data Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 125 units @ $60 per unit Mar. 5 Purchase 425 units @ $65 per unit Mar. 9 Sales 445 unitse $95 per unit Mar. 18 Purchase 170 units @ $70 per unit Mar. 25 Purchase 250 units@ $72 per unit Mar. 29 Sales 210 unitse $105 per unit Totals 970 units 655 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 365 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 145 units from the March 25 purchase. Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your "average cost per unit" to 2 decimal places.) a) Periodic FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Cost per # of units Goods Available Cost of Goods # of units sold # of units in ending tmunn Cost per unit Ending Inventory unit unit Preu of 9 HH Next >