k 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 80 units $50.60 per unit 215 units $55.60 per unit Date Mar. Har. Har Mar. lar. Mar Activities 1 Beginning inventory 5 Purchase 9 Sales 18 Purchase 25 Purchase 29 Sales Totals 240 units $85.60 per unit 75 units @ $60.60 per unit 130 units $62. 60 per unit 110 unit 350 units $95.60 per unit 500 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 55 units from beginning inventory and 185 units from the March 5 purchase; the March 29 sale consisted of 35 units from the March 18 purchase and 75 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 Required information Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit March 1 Cost of Goods Sold Cost per cast of Gande Sold # of units sold March 5 215 @ $55.60 Inventory Balance # of units Cost per unity Inventory Balance 80 @ $50.60 = $ 4,048.00 80 @ $50.60 = $ 4,048.00 215 @ $55.60 = 11,954.00 295 @ $54 24 = $ 16,002.00 5 5 @ S 54.24 = $ 2,983 20 55 @ $54 24 = $ 2,983.20 75 @ $ 60,60 = 4,545.00 130 @ $57.91 = $ 7,528,30 Average March 9 240 @ $54 24 = $ 13,017 60 | $60.60 March 18 75 @ Average March 25 1 30 @ $62.60 $ 55 75 130 @ @ @ $57.91 = S62.60 = 3,185.05 4,695.00 7,880,05 $ March 29 Totals $ 13,017.60