0.The following data were available for Product Z at Mar 31, 20X1: Beg inventory 50 units @ 12 Purchases: Mar 2 60 units @ 11 Mar 17 60 units @ 10 Sales: Mar 5 80 units Mar 20 50 units How much is the ending inventory under Average costing perpetual? (Round to 4 decimal) 400 419 438 480

0.The following data were available for Product Z at Mar 31, 20X1: Beg inventory 50 units @ 12 Purchases: Mar 2 60 units @ 11 Mar 17 60 units @ 10 Sales: Mar 5 80 units Mar 20 50 units How much is the ending inventory under Average costing perpetual? (Round to 4 decimal) 400 419 438 480

Name: 10.The following data were available for Product Z at Mar 31, 20X1:B
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Description: 10.The following data were available for Product Z at Mar 31, 20X1:Beg inventory 50 units @ 12Purchases:Mar 2 60 units @ 11Mar 17 60 units @ 10Sales: Mar 5 80 unitsMar 20 50 unitsHow much is the ending inventory under Average costing perpetua

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required information (The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date March 1 March 5 March 9 March 18 March 25 March 25 Activities beginning inventory Purchase Sales Purchase Purchase Bales Totals Units Acquired at Cost 553.60 per unit $50.60 per unit 230 units 290 units 150 unit 200 units 350 units $63.60 per unit $45.00 per unit Perpetual FIFO Perpetual LIFO Weighted Average Specific d Compute the cost assigned to ending inventory using LIFO Complete this question by entering your answers in the tabs below. Units Bold at Retail 390 units # $88.40 per unit 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (d) weighted average, and (d) specific identification. For specific identification, units sold include 130 units from beginning inventory, 260 units from the March 5 purchase. 110 units from the March 18…