Required Information [The following information applies to the questions displayed below] Warnerwoods Company uses a per

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Required Information The Following Information Applies To The Questions Displayed Below Warnerwoods Company Uses A Per 1 (37.01 KiB) Viewed 8 times

Required Information The Following Information Applies To The Questions Displayed Below Warnerwoods Company Uses A Per 2 (37.01 KiB) Viewed 8 times

Compute the cost assigned to ending inventory using FIFO:

Required Information The Following Information Applies To The Questions Displayed Below Warnerwoods Company Uses A Per 3 (60.2 KiB) Viewed 8 times

Compute the cost assigned to ending inventory using LIFO:

Required Information The Following Information Applies To The Questions Displayed Below Warnerwoods Company Uses A Per 4 (69.17 KiB) Viewed 8 times

Compute the cost assigned to ending inventory using weighted average:

Required Information The Following Information Applies To The Questions Displayed Below Warnerwoods Company Uses A Per 5 (49.42 KiB) Viewed 8 times

Compute the cost assigned to ending inventory using specific identification:

Required Information The Following Information Applies To The Questions Displayed Below Warnerwoods Company Uses A Per 6 (25.15 KiB) Viewed 8 times

Required Information [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. Date March 11 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase. Sales Totals Units Acquired at Cost $50 per unit @ $55 per unit 100 units 400 units 120 units 200 units 820 units $68 per unit @ $62 per unit Units Sold at Retail Complete this question by entering your answers in the tabs below. 420 units 160 units 580 units @$85 per unit @ $95 per unit 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (c) 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.
Required information Date March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 201 Total March 20 Totals Goods Purchased # of units Cost per unit # of units sold Perpetual FIFO: Cost of Goods Sold Cost per unit Cost of Goods Sold $ 0.00 # of units Inventory Balance Cost per unit $ 50.00 100 at Inventory Balance $ 5.000.00 0.00
Compute the cost assigned to ending inventory using LIFO. Date March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 20 Total March 20 Totals Goods Purchased # of units Cost per unit # of units sold Perpetual LIFO Cost of Goods Sold Cost per unit Cost of Goods Sold $ 0.00 #of units Inventory Balance Cost per unit Inventory Balance $50.00 = $ 5,000.00 100 at
Weighted Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO Perpetual LIFO Date March 1 March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 20 Totals Goods Purchased # of units Cost per unit Specific Id Weighted Average Perpetual: Cost of Goods Sold Cost per unit # of units sold Cost of Goods Sold 0.00 # of units Inventory Balance Cost per Inventory Balance unit $50.00 $ 5.000.00 100 at
Perpetual FIFO Perpetual LIFO State Compute the cost assigned to ending inventory using 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. March 1 March March 18 March 25 ut unt Theods Curshax Cest per unit 100 $50.00 400 $55,00 . 120 300.00 W 200 at $62.00 . Weighted Average wwww at Specific Id Goods Puthased $5,000 22,000 7,200 $ 12,400 Jess identification of units solt Cost of Deeds Sel Cost per Cest of Goods Sold unit 0.00 at at at at $50.00 - S $55.00- 300.00 362.00 S < Weighted Average 0.00 0:00 of units eventery Calants M at 4 at Cost per sentory Mala $ $50.00 $55.00 10000 102.00- $ 0.00 6.00 0.00