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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 200 units @ $53.00 per unit 275 units @ $58.00 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 230 units @ $98.00 per unit 590 units Totals 860 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (C) weighted average, and (d) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Perpetual FIFO: Cost of Goods Sold Cost Cost of Goods per unit Sold Goods Purchased Cost # of units per unit Date # of units sold Inventory Balance Cost # of units Inventory per Balance unit $ $ at 53.00 10,600.00 March 1 200 = $ 275 at $ 58.00 at 53.00 March 5 at 58.00 Total March 5 360 March 9 Total March 9 135 at 63.00 March 18 $ at $ 63.00 Total March 18 250 at $ 65.00 March 25 at $ 63.00 $ 65.00 at Total March 25 March 29 Total March 29 Totals $ 0.00 Perpetual FIFO Perpetual LIFO >