compute the cost assigned to ending inventory using FIFO
3 art 3 of 3 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 Date Activities Units Aequired at Coat Unita Sold at Rotana Mar. 1 Beginning inventory 220 units $53.40 per unit Mar. 5 Purchase 285 units! $58.40 per unit Mar. 9 Balea 380 unita e se8.40 per unit Mar. 18 Purchase 145 units $63.40 per unit Mar. 25 Purchase 270 units $65.40 per unit Mar. 29 Sales 250 units # $98.40 per unit Totals 920 units 630 units ook Print References 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 125 units from beginning inventory and 255 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 145 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual UFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. 3 ne me MAN IR TAHI WA Hm me marrin me Required information Complete this question by entering your answers in the tabs below. 3 of 3 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: -Book Print Goods Purchased # of units unit Date Cost per Cost of Goods Sold Cost per cost of Goods Sold unit # of units sold Inventory Balance Cost per Inventory # of units unit Balance 220 $53.40 - $ 11,748.00 Herences March 1 March 5 285 @ $58.40 220 @ 285 $ 53.40 - $ 58.40 - $ 11,748.00 16,644.00 $ 28,392.00 March 9 220 $ $53.40 $58.40 11,748.00 0.00 11,748.00 $53.40 $ 58.40 $ March 18 March 25 Saved 5-1A 1-3 Required information March 5 285 @ $ 58.40 220 285 @ $ 53.40 = $ 58.40 = $ 11,748.00 16,644.00 $ 28,392.00 March 9 220 @ = $ $53.40 $58.40 11,748.00 0.00 11,748.00 $53.40 $58.40 E $ March 18 March 25 March 29 Totals $ 11,748.00 Perpetual LIFO