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 60 units @ $50.20 per unit mar. 5 purchase 205 units @ $55.20 per unit mar. 9 sales 220 units @ $85.20 per unit mar. 18 purchase 65 units @ $60.20 per unit mar. 25 purchase 110 units @ $62.20 per unit mar. 29 sales 90 units @ $95.20 per unit totals 440 units 310 units 3.

compute the cost assigned to ending inventory using

(a) fifo
(b) lifo,
(c) weighted average
(d) specific identification.

for specific identification, the march 9 sale consisted of 45 units from beginning inventory and 175 units from the march 5 purchase; the march 29 sale consisted of 25 units from the march 18 purchase and 65 units from the march 25 purchase.

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?