Ch 6 ACG1001 HW Chapter Assignments-ACG100102-106032019 Help Saved 1 HW Required information The following information applies to the questions displayed below.] Warnerwoods Company for March. uses a perpetual inventory system. It entered into the following purchases and sales transactions Units Sold at Retai1 Activities 1 Beginning inventory Units Acquired at Cost 80 unitse S50.60 per unit 215 units $55.60 Date ar. unit ar. 240 units $85.60 per unit 9 Sales Mar. Mar. 18 Purchase 75 unitse $60.60 per unit 130 units $62.60 per unit Mar. 25 Purchase 110 units @ $95.60 per unit Mar. 29 Sales 350 units 500 units Totals 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 55 units from beginning inventory and 185 units from the March 5 purchase; the March 29 sale consisted of 35 units from the March 18 purchase and 75 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Weighted Average Perpetual FIFO Perpetual LIFO Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Required information Perpetual FIFO: Inventory Balance Goods Purchased Cost of Goods Sold Inventory Cost per Cost per Cost per unit # of units sold # of Cost of Goods Sold # of units Date Balance unit units unit $ 4,048.00 $50.60 80 March 1 March 5 March 9 March 18 March 25 March 29 Totals Required information Perpetual LIFO Goods Purchased Cost of Goods Sold Inventory Balance # of units Cost per unit # of units sold Cost per Cost per unit Inventory Balance Cost of Goods Sold Date #of units unit March 1 $50.60 4,048.00 80 @ $ March 5 March 9 March 18 March 25 March 29 Totals