ces Required information Problem 5-2AA (Algo) Periodic: Alternative cost flows LO P3 [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. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Units Acquired at Cost Units sold at Retail 180 units $70 per unit 480 units $75 per unit Sales 500 units $105 per unit Purchase Purchase Sales 280 units 360 units $80 per unit $82 per unit 320 units $115 per unit 820 unita Totals 1,300 units For specific identification, units sold include 90 units from beginning inventory, 410 units from the March 5 purchase, 120 units from the March 18 purchase, and 200 units from the March 25 purchase. Problem 5-2AA (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 Beginning inventory Purchases: March 5 March 18 March 25 Total b) Periodic LIFO Beginning inventory Purchases March 5 March 18 March 25 Total Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per unit Cost of Goods Available for Sale of units Cost per sold Cost of Goods unit Sold Ending Inventory of units in ending inventory Cost per unit Ending Inventory Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold # of units sold Cost per unit Cost of Goods Sold Ending Inventory of units in ending inventory Cost per unit Ending Inventory