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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 220 units @ $53.40 per unit 285 units @ $58.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 380 units @ $88.40 per unit 145 units @ $63.40 per unit 270 units @ $65.40 per unit 250 units @ $98.40 per unit 630 units Totals 920 units 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 LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Required information Perpetual LIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Cost per Cost per Date # of units sold Cost of Goods Sold unit Inventory Balance # of units Inventory unit Balance 220 @ $53.40 $ 11,748.00 March 1 March 5 285 @ $ 58.40 220 @ $53.40 = $ 11,748.00 285 @ $ 58.40 = 16.644.00 $ 28,392.00 March 9 285 @ $ 15,219.00 58.40 @ $ 3.118.56 $ 53.40 $ 58.40 $ 53.40 = $ 58.40 = 95 @ = 5,548.00 53.40 @ $ 3.118.56 $ 20.767.00 $ 6.237.12 March 18 6,675.00 @ 145 $ $ 63.40 125 @ $ 53.40 = $ 58.40 = 145 @ 8,468.00 $ 63.40 $ 15,143.00 March 25 March 29 Required information March 5 285 @ $ 58.40 220 @ $ 11.748.00 $53.40 = $ 58.40 = 285 @ 16.644.00 $ 28,392.00 285 @ March 9 58.40 @ $ 3,118.56 $ 53.40 $58.40 $ 15,219.00 5,548.00 $ 20,767.00 $ 53.40 = $58.40 = 95 @ 53.40 @ $ 3.118.56 S 6.237.12 $ 6,675.00 March 18 145 @ $ 63.40 125 @ 145 @ $ 53.40 = $ 58.40 = $ 63.40 8.468.00 $ 15,143.00 March 25 March 29 $ 20,767.00 Totals Perpetual FIFO Weighted Average Required information Perpetual FIFO Perpetual LIFO Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit # Date Cost per units sold Cost of Goods Sold Cost per unit Inventory Balance # of units Inventory unit Balance $ 53.40 $ 11,748.00 March 1 March 5 285 @ $ 58.40 220 @ $ 11,748.00 $ 53.40 = $58.40 = 285 @ 16.644.00 $ 28,392.00 March 9 220 @ $ $ 6,675.00 $ 53.40 $ 58.40 125 @ @ 11,748.00 9,344.00 21,092.00 $ 53.40 $ 58.40 160 @ $ $ 6,675.00 March 18 145) @ $ 63.40 125 @ $ 6,675.00 145 @ $ 53.40 $ 58.40 = $ 63.40 8,468.00 @ $ 15,143.00 March 25 March 29 $ 21,092.00 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Cost per # of units Cost per Cost of Goods Sold # of units sold Date # of units Inventory Balance unit unit unit $ 53.40 220 $ 11.748.00 March 1 March 5 Average March 9 March 18 Average March 25 March 29 $ 0.00 Totals