! Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a...

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! Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 Purchase March 25 Purchase Units Acquired at Cost 165 units @ $55 per unit 465 units 250 units 330 units Units Sold at Retail @ $60 per unit @ $65 per unit @ $67 per unit 485 units @ $90 per unit March 29 Sales 290 units @ $100 per unit Totals 1,210 units 775 units For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 415 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 185 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. Note: Round your "average cost per unit" to 2 decimal places. a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods # of units Available sold Cost per unit Cost of Goods Sold for Sale # of units in ending inventory Cost per unit Ending Inventory Beginning inventory 165 $ 55.00 $ 9,075 165 $ 55.00 $ 9,075 0 $ 0.00 $ 0 Purchases: March 5 465 $ 60.00 March 18 250 $ 65.00 March 25 330 $ 67.00 Total 1,210 27,900 16,250 22,110 $ 75,335 465 145 $ $ 60.00 65.00 27,900 0 $ 0.00 0 9,425 105 $ 65.00 0 0 330 $ 67.00 6,825 22,110 775 $ 46,400 435 $ 28,935 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods Cost of # of units in # of units Cost per Cost per Ending Prov ! Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 Purchase March 25 Purchase Units Acquired at Cost 165 units @ $55 per unit 465 units 250 units 330 units Units Sold at Retail @ $60 per unit @ $65 per unit @ $67 per unit 485 units @ $90 per unit March 29 Sales 290 units @ $100 per unit Totals 1,210 units 775 units For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 415 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 185 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. Note: Round your "average cost per unit" to 2 decimal places. a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods # of units Available sold Cost per unit Cost of Goods Sold for Sale # of units in ending inventory Cost per unit Ending Inventory Beginning inventory 165 $ 55.00 $ 9,075 165 $ 55.00 $ 9,075 0 $ 0.00 $ 0 Purchases: March 5 465 $ 60.00 March 18 250 $ 65.00 March 25 330 $ 67.00 Total 1,210 27,900 16,250 22,110 $ 75,335 465 145 $ $ 60.00 65.00 27,900 0 $ 0.00 0 9,425 105 $ 65.00 0 0 330 $ 67.00 6,825 22,110 775 $ 46,400 435 $ 28,935 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods Cost of # of units in # of units Cost per Cost per Ending Prov