3 of 4 Required information Problem 6-1A (Static) Perpetual: Alternative cost flows LO P1 [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 Activities Beginning inventory Purchase Units Acquired at Cost Units Sold at Retail 100 units 400 units Sales 120 units 200 units $50 per unit @$55 per unit $60 per unit @ 562 per unit 420 units $85 per unit 820 units 160 units @ $95 per unit 580 units March 1 March 5 Book March 9 March 18 March 25 Purchase Purchase March 29 Sales ferences Totals Problem 6-1A (Static) Part 3 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 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. wers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Goods Purchased Date # of units Cost per unit # of units sold Perpetual FIFO: Cost of Goods Sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance March 11 100 at $ 50.00 $ 5,000.00 400 at $55.00 at $ 50.00 March 5 400 at $ 55.00 $ 15,000.00 22,000.00 Total March 5 $ 37,000.00 at $50.00 0.00 at $ 50.00 March 9 at $55.00 0.00 at $ 55.00 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals S 0.00 0.00 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 LIFO. Goods Purchased Date # of units Cost per # of units unit sold Perpetual LIFO: Cost of Goods Sold Cost per unit Inventory Balance Cost of Goods Sold # of units unit Cost per Inventory Balance 100 at $50.00 = S 5,000.00 March 1 March 5 Total March 5 March 9 Total March 9 March 18- Total March 18 March 25 Total March 25 March 29 Total March 29 Totals 0.00 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 weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold Goods Purchased Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units unit Inventory Balance Cost per Inventory Balance 100 at $50.00 = $ 5,000.00 March 11 March 5 Average March 5 March 91 March 18 Average March 18 March 25 Average March 25 March 29 Totals Problem 6-1A (Static) Part 3. 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 80 units from beginning inventory, 340 units from the March 5 purchase, 40 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 es Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchas from the March 18 purchase, and 120 units from the March 25 purchase. Specific Identification Date # of units Cost per unit Goods Available for Sale Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units # of units sold Cost per unit Cost of Goods Sold in ending Inventory Cost per unit Ending Inventory 0 S 0.00 $ S 0.00 $ 0. 0 0.00 0 0.00 0 0 0.00 0 0.00 0 0.00 0 S 0 S 0 0 $ March 11 March 5 March 18 March 25 Total