Compute the cost assigned to ending inventory using a. FIFO b. LIFO c.weighted average and d. specific indentification. For specific identification, the March 9 sale consisted of 120 units from beginnings inventory and 250 units from the March 5 purchase; the March 29 sale consisted of 100 units from the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase.

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 Units Sold at Retail Units Acquired at Cost 210 units @ $53.20 per unit 280 units @ $58.20 per unit 370 units @ $88.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 140 units @ $63.20 per unit 260 units @ $65.20 per unit 240 units @ $98.20 per unit 610 units 890 units Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For cific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchase ch 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. rpetual FIFO Perpetual LIFO Weighted Average Specific Id compute the cost assigned to ending inventory using FIFO. erpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Inventory #of Cost per # of units Cost per Required information Cost of Goods Sold Goods Purchased # of Cost per units unit Cost per Date # of units sold Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 210 @ $ 53.20 = $ 11,172.00 unit March 1 March 5 280 @ $ 58.20 210) @ 280 @ $ 53.20 = $ 58.20 $ 11,172.00 16,296.00 $ 27,468.00 March 9 $ 53.20 $ 0.00 105 @ 140 @ $ 53.20 = $ 58.20 @ $ 58.20 0.00 $ 5,586.00 8,148.00 $ 13,734.00 March 18 140 a $63.20 210 @ 280 @ 140 @ $53.20 = $ 58.20 = $ 11,172.00 16,296.00 8,848.00 $ 36,316.00 $ 63.20 = March 25 260 @ $ 65.20 @ @ $ 53.20 $ 58.20 $ 63.20 @ 260 @ $ 65.20 16,952.00 $ 16,952.00 March 29 $ @ 0.00 0.00 @ = @ PHP $ 53.20 $ 58.20 $ 63.20 $ 65.20 $ 53.20 $ 58.20 $ 63.20 $ 65.20 = 0.00 @ @ 0.00 @ Totals $ 0.00