Compute the cost assigned to ending inventory using 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.

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 Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 220 units $53.40 per unit 285 units # $58.40 per unit 145 units $63.40 per unit 270 units $65.40 per unit 380 units $88.40 per unit 250 units $98.40 per unit 630 units 920 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (6) 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. Specific Identification: Goods Purchased Cost Date # of units per unit Cost of Goods Sold Cost # of units Cost of Goods sold per unit Sold # of units Inventory Balance Cost Inventory per Balance unit $ 53.40 $ 11,748.00 March 1 220 @ March 5 285 $ 58.40 95 8 $ 5,073.00 $ 53.40 $ 58.40 30 1.752.00 $ 6,825.00 March 9 0.00 53.40 $ 58.40 $ 53.40 $ 58.40 B 0.00 20 March 18 March 25 March 29 Totals $ 0.00