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Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetuI need FIFO, LIFO, Weighted Average, Specific Id

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FIFO: Under the FIFO method, it is assumed that the goods purchased first are the goods sold first. So the ending inventory would represent the goods purchased later in point of time.
LIFO: Under the LIFO method, it is assumed that the goods purchased last are the goods sold first. So the ending inventory would represent the goods which are purchased first in point of time.
Average cost: Under the average cost method, average cost per unit is found for units available for sale and the average cost arrived is used to calculate ending inventory and cost of goods sold.

FIFO Date Mar, 1 Goods Purchased #of Units Cost per unit Cost of Goods Sold Cost per unit # of Units sold Cost of goods soldLIFO Date Mar, 1 Goods Purchased #of Units Cost per unit Cost of Goods Sold Cost per unit #of Units sold Cost of goods sold #Weighted Average Date Mar, 1 Mar, 5 Mar, 9 Goods Purchased Cost of Goods Sold # of Units Cost per unit # of Units sold cost pSpecific identificati Date Mar, 1 Goods Purchased #of Units Cost per unit Cost of Goods Sold Cost per unit # of Units sold Co

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