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

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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. ework Help Save & Exit Submit Check my work Required information (The following information applies to the questions displaye

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

@ $58.40 @ $58.40 0.00 11,748.00 $ March 18 March 25 March 29 Totals $ 11,748.00 Perpetunt FIFO Perpetual LIFO > < Prev 34 or

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Answer 1

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	Perpectual FIFO

Date	# of units		Cost per unit	# of units		Cost per unit		Cost of goods	# of units		Cost per unit	Inventory balance
01-Mar									220	@	53.4	$11,748

05-Mar	285	@	58.4						220	@	53.4	$11,748
									285	@	58.4	$16,644
												$28,392

09-Mar				220	@	53.4	=	$11,748
				160	@	58.4	=	$9,344	125	@	58.4	$7,300
								$21,092				$7,300

18-Mar	145	@	63.4						125	@	58.4	$7,300
									145	@	63.4	$9,193
												$16,493

25-Mar	270	@	65.4						125	@	58.4	$7,300
									145	@	63.4	$9,193
									270	@	65.4	$17,658
												$34,151

29-Mar				125	@	58.4	=	$7,300	20	@	63.4	$1,268
				125	@	63.4	=	$7,925	270	@	65.4	$17,658
								$15,225				$18,926

Totals								$36,317				$18,926

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Answer 2

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

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