It entered into the following calendar-year 2013 purchases and sales Q: A physical Inventory of Liverpool Company taken at December 31 reveals the following. It entered into the following purchases and sales transactions for March. Mar. 5 Purchase … … … Mar. 9 Sales … … … Mar. 18 Purchase … … … Mar. 25 Purchase … … … Mar. Q: Montoure Company uses a perpetual inventory system. Warnerwoods Company uses a perpetual inventory system. Compute cost of goods available for sale and the number of units available for sale. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 100 units. (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.)ĭate Activities Units Acquired at Cost … … … Units Sold at Retail Mar. 1 Beginning inventory … … …. Question: Warnerwoods Company uses a perpetual inventory system. Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 (The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. Warnerwoods Company uses a perpetual inventory system. Compute gross profit earned by the company for each of the four costing methods in part 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and.Compute the number of units in ending inventory.Compute cost of goods available for sale and the number of units available for sale.(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.) Date
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