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 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. 


3. Compute the cost assigned to ending inventory using (FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. 

- 5 Problems Help Save & Exit Submit Check my work Required information (The following information applies to the questions d


Check my work Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to en

er 5 Problems 1 Help Help Save & Exit Check my Required information f4 March 18 / / / / / / / March 25 ent March 292 TTT Tota


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FIFO Cost of goods available for sale Cost of goods sold Ending Inventory
Mar-01            160 $    52.20 $    8,352
Mar-05            255 $    57.20 $ 14,586            160 $    52.20 $    8,352
           255 $    57.20 $ 14,586
Mar-09            160 $    52.20 $    8,352               95 $    57.20 $    5,434
           160 $    57.20 $    9,152
Mar-18            115 $    62.20 $    7,153               95 $    57.20 $    5,434
           115 $    62.20 $    7,153
Mar-25            210 $    64.20 $ 13,482               95 $    57.20 $    5,434
           115 $    62.20 $    7,153
           210 $    64.20 $ 13,482
Mar-29               95 $    57.20 $    5,434               20 $    62.20 $    1,244
              95 $    62.20 $    5,909            210 $    64.20 $ 13,482
Totals            580 $ 35,221            510 $ 28,847            230 $ 14,726
LIFO Cost of goods available for sale Cost of goods sold Ending Inventory
Mar-01            160 $    52.20 $    8,352
Mar-05            255 $    57.20 $ 14,586            160 $    52.20 $    8,352
           255 $    57.20 $ 14,586
Mar-09            255 $    57.20 $ 14,586               95 $    52.20 $    4,959
              65 $    52.20 $    3,393
Mar-18            115 $    62.20 $    7,153               95 $    52.20 $    4,959
           115 $    62.20 $    7,153
Mar-25            210 $    64.20 $ 13,482               95 $    52.20 $    4,959
           115 $    62.20 $    7,153
           210 $    64.20 $ 13,482
Mar-29            190 $    64.20 $ 12,198               95 $    52.20 $    4,959
           115 $    62.20 $    7,153
              20 $    64.20 $    1,284
Totals            580 $ 35,221            510 $ 30,177            230 $ 13,396
Weighted Average - Cost Cost of goods available for sale Cost of goods sold Ending Inventory
Mar-01            160 $    52.20 $    8,352
Mar-05            255 $    57.20 $ 14,586            160 $    52.20 $    8,352
           255 $    57.20 $ 14,586
           415 $    55.27 $ 22,938
Mar-09            320 $    55.27 $ 17,686               95 $    55.27 $    5,251
Mar-18            115 $    62.20 $    7,153               95 $    55.27 $    5,251
           115 $    62.20 $    7,153
           210 $    59.07 $ 12,404
Mar-25            210 $    64.20 $ 13,482            210 $    59.07 $ 12,405
           210 $    64.20 $ 13,482
           420 $    61.64      25,887
Mar-29            190 $    61.64 $ 11,712            230 $    61.64 $ 14,177
Totals            580 $ 35,221            510 $ 29,398            230 $    61.46 $ 14,177
Specific Identification Cost of goods available for sale Cost of goods sold Ending Inventory
Mar-01            160 $    52.20 $    8,352
Mar-05            255 $    57.20 $ 14,586            160 $    52.20 $    8,352
           255 $    57.20 $ 14,586
Mar-09               95 $    52.20 $    4,959               65 $    52.20 $    3,393
           225 $    57.20 $ 12,870               30 $    57.20 $    1,716
Mar-18            115 $    62.20 $    7,153 65 $    52.20 $    3,393
              30 $    57.20 $    1,716
           115 $    62.20 $    7,153
Mar-25            210 $    64.20 $ 13,482 65 $    52.20 $    3,393
              30 $    57.20 $    1,716
           115 $    62.20 $    7,153
           210 $    64.20 $ 13,482
Mar-29               75 $    62.20 $    4,665 65 $    52.20 $    3,393
           115 $    64.20 $    7,383               30 $    57.20 $    1,716
              40 $    62.20 $    2,488
              95 $    64.20 $    6,099
Totals            580 $ 35,221            510 $ 29,877            230 $ 13,696
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