Question: solve using perpetual inventory system work Saved Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March
solve using perpetual inventory systemwork Saved Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 250 units & $54.00 per unit Mar. 5 Purchase 300 units $59.00 per unit Mar. 9 Sales 410 units $89.00 per unit Mar. 18 Purchase 160 unitse $64.00 per unit Mar. 25 Purchase 300 unitse $66.00 per unit Mar. 29 Sales 280 unitse $99.00 per unit 1,010 units 690 unita Totals 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. For specific Identification, the March 9 sale consisted of 140 units from beginning inventory and 270 units from the March 5 purchase the March 29 sale consisted of 120 units from the March 18 purchase and 160 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specificid Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Dato 11 of Cost per of uns Cost per cost of Goods Sold units sold unit Inventory Balance Cost per of units Inventory unit Balance 250 @ $54.00 $13.500.00 29 E R. S G
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