11.40 5 re > 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 Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 170 units @ $52.40 per unit 260 units@ $57.40 per unit 120 units@ $62.40 per unit 220 units@ $64.40 per unit 330 units @ $87.40 per unit 200 units@ $97.40 per unit 530 units 770 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Cost per Inventory Balance Costner Inventory #of Gost ner # of units Required information Corpule WE LOSL 55 Lenny mencury Using rinu. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Date # of units sold Cost per cost of Goods Sold unit Inventory Balance Cost per # of units Inventory unit Balance 170 @ $ 52.40 $ 8,908.00 March 1 March 5 March 9 March 18 March 25 March 29 EUR UM en my mivelTY USI LITU. 3o Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unit Date Inventory Balance Cost per Inventory # of units unit Balance 170 @ $52.40 - $ 8,908.00 March 1 March 5 OK March 9 March 18 March 25 March 29 cherinnen Mann Required information Complete this question by entering your answers in the tabs below. Perpetual Fifo Perpetual uro Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased # of Date units unit March 1 Cost per Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Inventory Balance # of units Cost per unit Inventory Balance 170 $ 52.40 $ 8,908,00 March 5 Average March 9 March 18 Average March 25 March 29 Totals VETEM Average Compute the cost assigned to ending inventory using specific identification For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of Ounits from the March 18 purchase and 120 units from the March 25 purchase. Specific Identification: Goods Purchased Date # of Cost per units unit March 1 March 5 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory. Balance of units unit 170 $52.40 $ Cost per Inventory Balance 8.000.00 March March 18 Miroh 25 March 20