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Question #3Warnerwoods Company uses a perpetual inventory system. It entered into the followingpurchases and sales transactions for March. (For specific identification, the March 9 saleconsisted of 80 units from beginning inventory and 340 units from the March 5 purchase; theMarch 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March25 purchase.)1.Compute cost of goods available for sale and the number of units available for sale.
2.Compute the number of units in ending inventory.
3.Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weightedaverage, and (d) specific identification. (Round all amounts to cents.)