4. rt 3 of 4 33 ints 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 Activities Units Acquired at cost Units sold at Retan 1 Beginning inventory 120 units $51.40 per unit Mar. 5 Purchase 235 unita e $56.40 per unit 9 Sales 280 units # $86.40 per unit Mar. 18 Purchase 95 units $61.40 per unit Mar. 25 Purchase 170 unita $63.40 per unit Mar. 29 Sales 150 units $96.40 per unit Totals 620 units 430 units Mar. eBook Mar. Print References 3. Compute the cost assigned to ending inventory using (a) FIFO. (D) LIFO, (c) weighted averago, and (d) specific identification. For specific identification, the March 9 sale consisted of 75 units from beginning inventory and 205 units from the March 5 purchase; the March 29 sale consisted of 55 units from the March 18 purchase and 95 units from the March 25 purchase. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per # of units sold Cost per unit Inventory Balance Cost per Inventory # of units unit Balance 120 @ $ 51.40 = $ 6,168.00 unit Cost of Goods Sold March 1 March 5 March 9 March 18 March 25 March 29 March 18 March 25 March 29 Totals Ponpetual FIFO Perpetual LIFO > Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: 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 Inventory # of units unit Balance 120 @ $ 51.40 = $ 6,168.00 March 1 March 5 March 9 March 18 March 25 March 18 March 25 March 29 Totals 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 el Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of # of units Cost per Date Cost of Goods Sold # of units Cost per Inventory Balance units unit sold unit March 1 120 $ 51.40 = 6,168.00 Cost per unit $ March 5 Average March 9 March 18 Date units unit sold # of units unit Cost of Goods Sold unit Inventory Bar $ 51.40 = $ 6,16 120 @ March 1 March 5 Average March 9 March 18 Average March 25 March 29 Totals Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per Cost per Cost of Goods Sold # of units unit unit Inventory Balance $ 51.40 = $ 6,168.00 March 1 120 @ March 5 March 9 March 18 March 25 March 9 March 18 March 25 March 29 Totals