3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your "average cost per unit" to 2 decimal places.)

! Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 [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. Units Sold at Retail Units Acquired at Cost 150 units @ $40 per unit 450 units @ $45 per unit 470 units @ $75 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 220 units @ $50 per unit 300 units @ $52 per unit 260 units @ $85 per unit 730 units 1,120 units For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 430 units from the March 5 purchase; the March 29 sale consisted of 90 units from the March 18 purchase and 170 units from the March 25 purchase. Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (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 Cost per Cost of # of units Goods unit Available for Sale 150 $ 40.00 $ 6,000 # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory 150 $ 40.00 $ 6,000 0 $ 0.00 $ 0 Beginning inventory Purchases: March 5 450 $ 45.00 20,250 0 450 $ 45.00 130 $ 50.00 March 18 220 $ 50.00 20,250 6,500 0 $ 32,750 0 $ 0.00 90 $ 50.00 300 $ 52.00 390 March 25 $ 11,000 15,600 $ 52,850 52.00 300 1,120 0 4,500 15,600 $ 20,100 Total 730 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost of Goods Sold # of units in ending inventory Ending Inventory unit unit 150 $ 40.00 $ 6,000 0 150 $ 40.00 $ 6,000 Beginning inventory Purchases: : March 5 450 $ 45.00 240 45.00 10,800 March 18 220 $ 50.00 0 0 20,250 11,000 15,600 $ 52,850 210 $ 45.00 220 $ 50.00 300 $ 52.00 730 9,450 11,000 15,600 $ 36,050 March 25 300 $ 52.00 0 0 Total 1,120 390 $ 16,800 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods # of units Cost per Available unit for Sale # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory 150 $ 6,000 Beginning inventory Purchases: March 5 450 March 18 220 20,250 11,000 15,600 $ 52,850 March 25 300 1,120 Total 730 $ 0 390 $ 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per Cost per # of units Cost of Goods Available for Sale # of units sold Cost of Goods Sold Ending Inventory unit # of units in ending inventory unit unit 150 $ 40.00 $ 6,000 $ 40.00 $ 0 $ 40.00 $ 0 Beginning inventory Purchases: March 5 450 $ 45.00 20,250 $ 45.00 0 $ 45.00 0 March 18 220 $ 50.00 11,000 $ 50.00 Ooo $ 50.00 0 March 25 300 $ 52.00 15,600 $ 52.00 0 $ 52.00 0 Total 1,120 $ 52,850 0 0