Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
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 |
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
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 (a) FIFO, (b) LIFO, (C) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase.
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 (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 220 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase.
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...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. (For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.) Required 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of...
Warnerwoods Company uses a perpetual inventory system. It
entered into the following purchases and sales transactions for
March.
DateActivitiesUnits Acquired at CostUnits Sold at Retail
Mar.1 Beginning inventory 200 units @ $53.00/unit
Mar.5 Purchase 275 units @ $58.00/unit
Mar.9 Sales 360 units@ $88.00/unit
Mar.18 Purchase 135 units @ $63.00/unit
Mar.25 Purchase 250 units @ $65.00/unit
Mar.29 Sales 230 units@ $98.00/unit
Totals 860 units 590 units
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 180 units @ $52.60 per unit Mar. 5 Purchase 265 units @ $57.60 per unit Mar. 9 Sales 340 units @ $87.60 per unit Mar. 18 Purchase 125 units @ $62.60 per unit Mar. 25 Purchase 230 units @ $64.60 per unit Mar. 29 Sales 210 units @...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 240 units @ $53.80 per unit Mar. 5 Purchase 295 units @ $58.89 per unit Mar 9 Sales 400 units @ $88.80 per unit Mar. 18 Purchase 155 units @ $63.80 per unit Mar. 25 Purchase 290 units@ $65.80 per unit Mar. 29 Sales 278 units @ $98.80...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 230 units @ $53.60 per unit 290 units @ $58.60 per unit 390 units @ $88.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 150 units @ $63.60 per unit 280 units @ $65.60 per unit 260 units...
Warnerwoods Company uses a perpetual inventory system. It
entered into the following purchases and sales transactions for
March.
1. Compute cost of goods available for sale and
the number of units available for sale.
hapter 05 Pre But Problems X C Get Homework Help With Chego X G Hemming uses a perpetual inver X OX Sign out @ sources - Google Docs W newconnect.mheducation.com/flow/connect.html Chapter 05 Pre-Built Problems Help Save & Exit Submit Check my work Part 1 of 4...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 250 units @ $54.00 per unit Mar. 5 Purchase 300 units @ $59.00 per unit Mar. 9 Sales 410 units @ $89.00 per unit Mar. 18 Purchase 160 units @ $64.00 per unit Mar. 25 Purchase 300 units @ $66.00 per unit Mar. 29 Sales 280 units @...