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2 Required information (The following information applies to the questions displayed below] Warnerwoods Company uses a periodic inventory system. It entered into the following
2 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 Activities Units Sold at Retail 1 Beginning Inventary Mar 5 Purchase Mar Sales Har 1 Purchase mits Acquired at Cost 175 units @ $65 per unit 475 units $70 per unit 270 units $75 per unit 150 units $77 per unit 495 units $100 per unit Mar 1,270 units Har 25 Purchase 29 Sales Totals For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 415 units from the March 5 purchase, the March 29 sale consisted of 115 units from the March 18 purchase and 195 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. (Round your "everage cost per unit" to 2 decimal places.)
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