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Kequirea intormation The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and

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Kequirea intormation 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. Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 100 units@ $50.00 per unit 400 units$55.00 per unit 420 unitse $85.00 per unit 120 units$60.00 per unit 200 units $62.00 per unit 160 unitse $95.00 per unit 580 units Totals 3. Compute the cost assigned to ending inventory using (a) FIFO, (b)LIFO, (c) welghted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase

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