March 18 purchase, and 125 units from the March 25 purchaseĬompute the cost assigned to ending inventory using specific identification. Specific identification, units sold include 105 units from beginning inventory, 235 units from the March 5 purchase, 85 units from the Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c weighted average, and (d) specific Identification. March 18 purchase, and 125 units from the March 25 purchase.Ĭomplete this question by entering your answers in the tabs below.Ĭompute the cost assigned to ending inventory using FIFO.ģ. Specific identification, units sold include 105 units from beginning inventory, 235 units from the March 5 purchase, 85 units from It entered into the following purchases and sales transactionsģ. Warnerwoods Company uses a perpetual inventory system.
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