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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 291 Activities Beginning inventory Purchase Sales Purchase. Purchase Sales Totals Units Acquired at Cost 140 units @ $51.80 per unit 245 units @ $56.80 per unit 105 units @ $61.80 per unit 190 units @ $63.80 per unit 680 units Specific Id Check my work Complete this question by entering your answers in the tabs below. Units Sold at Retail 300 units @ $86.80 per uhit 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 85 units from beginning inventory, 215 units from the March 5 purchase, 65 units from the March 18 purchase, and 105 units from the March 25 purchase. 170 units @ $96.80 per unit 470 units Perpetual FIFO Perpetual LIFO Weighted Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) 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 51 March 91 March 18 March 25 March 29 Gross Margin Activities Beginning inventory Purchase Sales Purchase Purchase Sales Less: Cost of goods sold Gross profit Sales Totals FIFO Units Acquired at Cost 140 units @ $51.80 per unit 245 units @ $56.80 per unit LIFO 105 units @ $61.80 per unit 190 units @ $63.80 per unit 680 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 85 units from beginning inventory. 215 units from the March 5 purchase, 65 units from the March 18 purchase, and 105 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Weighted Average Check my work BAR Specific ID Units Sold at Retail 300 units @ $86.80 per uhit 170 units @ $96.80 per unit 470 units