Es seguro l https//newco ow/connect.html HAPTER 5 Hw Warnerwoods Company uses a

Question

Es seguro l https//newco ow/connect.html HAPTER 5 Hw Warnerwoods Company uses a perpetual inventory system It entered into the following purchases and sales transactions for March 4eeunits e sss.ee per·nst Part 1 of 2 428 units 85.80 per unit 12 units@ $68.9 per unit units 362.8 per unit Mar. 29 sales enits0 s95.e0 per unit poirt too 3. Compute the cost assigned to ending inventory using (a)FFO. (p)UFO, ic weighted average. and la) specihc identication PFor specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase, the March 29 saer conssed of March e purchse and 120 unis fiom the Mrch 25 purchee Complete this questions by entering your answers in the below tabs Perpetual Lro Wged Average Compube the cost assigned to ending invenbory using FIPO O Escribe aquí para buscar

Explanation / Answer

Perpetual FIFO:

100 units * $50 = $5000

400 units * $55 = $22000

100 units * $50 = $5000

320 units * $55 = $17600

80 units * $55 = $4400

120 units * $60 = $7200

80 units * $55 = $4400

120 units * $60 = $7200

200 units * $62 = $12400

80 units * $55 = 4400

80 units * $60 = $4800

40 units * $60 = $2400

200 units * $62 = $12400

Perpetual LIFO:

100 units * $50 = $5000

400 units * $55 = $22000

400 units * $55 = $22000

20 units * $50 = $1000

80 units * $50 = $4000

120 units * $60 = $7200

80 units * $50 = $4000

120 units * $60 = $7200

200 units * $62 = $12400

80 units * $50 = $4000

120 units * $60 = $7200

40 units * $62 = $2480

Weighted average method:

Date Cost of goods available for sale Cost of goods sold Ending inventory Mar 1 100 units * $50 = $5000 100 units * $50 = $5000 5 400 units * $55 = $22000

100 units * $50 = $5000

400 units * $55 = $22000

9

100 units * $50 = $5000

320 units * $55 = $17600

80 units * $55 = $4400 18 120 units * $60 = $7200

80 units * $55 = $4400

120 units * $60 = $7200

25 200 units * $62 = $12400

80 units * $55 = $4400

120 units * $60 = $7200

200 units * $62 = $12400

29

80 units * $55 = 4400

80 units * $60 = $4800

40 units * $60 = $2400

200 units * $62 = $12400

Cost of goods sold $31800 Ending inventory $14800

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.