Check my work Required information Problem 6-1A 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 Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 70 units@ $50.40 per unit Mar. 5 Purchase 210 units@ $55.40 per unit Mar. 9 Sales 230 units @ $85.40 per unit Mar. 18 Purchase 70 units @ $60.40 per unit Mar. 25 Purchase 120 units@ $62.40 per unit Mar. 29 Sales 100 unitse $95.40 per unit Totals 470 units 330 units Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. () LIFO, (e) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Algoritmi Seved Help Save & E CH Required information 14 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Cost of Goods Sold Goods Purchased # of units Date Cost per unit # of units sold Cost per cost of Goods Sold Inventory Balance # of units Inventory unit Balance 70 @ $50.40 - $ 3,528.00 Cost per unit March 1 aces March 5 March 9 March 18 March 25 Naut Required information Perpetual Fifo Perpetud LIFO Weighted Average Specific id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of units unit Date Cost per # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Cost per Inventory Balance # of units Inventory unit Balance 70 @ $50.40 = $ 3,528.00 March 1 March 5 March 9 March 18 March 26 Check Required information 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: Goods Purchased # of Date units unit March 1 Cost per # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance Cost per # of units Inventory Balance unit 70 @ $ 50.40 $ 3,528.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals Chech Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using specific Identification. For specific identification, the March 9 sale consisted of 5 and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the Specific Identification: Goods Purchased #of Date units unit March 1 Cost per Inventory Balance Cost of Goods Sold #of units Cost per Cost of Goods sold unit Sold # of units Cost per unit Inventory Balance $ 50.40 = $ 3,528.00 70 @ March 5 March 9 March 18 March 25