Check ! Required information [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 Activities 1 Beginning inventory Units Acquired at Cost 135 units $70 per unit 435 units e $75 per unit Units Sold at Retail Date Mar Mar 5 Purchase 455 units $105 per unit 9 Sales Mar 18 Purchase 190 units @ $80 per unit 270 units $82 per unit Mar Mar. 25 Purchase Mar 29 Sales 230 units $115 per unit 1,030 units 685 units Totals For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 155 units from the March 25 purchase. 2. Compute the number of units in ending inventory. units Ending inventory Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost 135 units $70 per unit 435 units $75 per unit Units Sold at Retail 1 Beginning inventory Mar Mar 5 Purchase Mar . 9 Sales 455 units $105 per unit 190 units $80 per unit 270 units $82 per unit Mar. 18 Purchase Mar. 25 Purchase 230 units $115 per unit Mar. 29 Sales 1,030 units 685 units Totals For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 155 units from the March 25 purchase. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (C) weighted average, and (d) specific identification. Complete this question by entering your answers in the tabs below. Weighted Average Periodic FIFO Periodic LIFO Specific Id Compute the cost assigned to ending inventory using FIFO Periodic FIFO Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of Cost of Goods # of units in ending inventory Cost per unit Goods Available # of units sold Cost per unit Cost per unit Ending Inventory # of units Sold for Sale eginning inventory urchases: March 5 March 18 March 25 otal Periodic LIFO Periodic FIFO Required information [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 Units Acquired at Cost 135 units $70 per unit Date Activities Units Sold at Retail 1 Beginning inventory Mar Mar 5 Purchase 435 units $75 per unit 455 units $105 per unit 9 Sales ar. 190 units $80 per unit 270 units $82 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 230 units $115 per unit Totals 1,030 units 685 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 155 units from the March 25 purchase. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal aces and final answers to nearest whole dollar.) Specific Identification Weighted Average FIFO LIFO ales ess: Cost of goods sold ross profit $ $ 0 0 0