iew History Bookmarks Window Help ezto.mheducation.com ments: 2020SU Prin of Financial Accounting (ACCTG-2213-5001) Connec -3 Seved [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transaction for March Date Activities Units Acquired at Cost Unita Sold at Retail Mar. 1 Beginning inventory 220 units @ $53.40 per unit Mar. 5 Purchase 285 units @ $58.40 per unit Mar. 9 Sales 380 units & $88.40 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 630 units 920 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (D) LIFO. (c) weighted average, and (d) specific identification. specific identification, the March 9 sale consisted of 125 units from beginning inventory and 255 units from the March 5 purcha: March 29 sale consisted of 105 units from the March to purchase and 145 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased #of units unit Date Cost per # of units sold Cost per unit Cost of Goods Sold Inventory Balance Cost per Inventory #of units unit Balance 22 53 an 11 748 E March 1