of 41 Book Print Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Mar. Activities Units Sold at Retail 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 170 units @ $60 per unit 470 units @ $65 per unit 260 units@ $70 per unit 340 units $72 per unit 490 units @ $95 per unit Totals 1,240 units 300 units @ $105 per unit 790 units rences For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 400 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 190 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your "average cost per unit" to 2 decimal places.) a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Cost of # of units Cost per Goods Available for Sale sold unit Sold # of units in ending Inventory Cost per unit1 Ending Inventory Beginning inventory Purchases $ 0 $ 0.00 $ 0 $ 0.00 $ O March 5 0 $ 0.00 S 0.00 0 March 18 0 $ 0.00 S 0.00 < Prev 12 Next > Chea 5 3 of 4 Required information March 18 March 25 Total 0 A 0 S 0.00 0 S 0.00 0 0 0 $ 0.00 0 0 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods # of units in Sold ending inventory Cost per unit Ending Inventory $ Book Beginning inventory Purchases Print March 5 March 18 0 ferences March 25 Total c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold # of units Average Cost per unit Cost of Goods Available for Sale of units sold Average Cost per Unit Cost of Goods Sold Beginning inventory Purchases March 5 March 18 March 25 Total d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold 0 Chec Required information c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average unit Cost of Goods Available for Sale # of units sold Average Cost per Unit Cost of # of units in Goods Sold ending inventory Average Cost per unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total # of units Cost per $ $ d) Specific Identification Cost of Goods Available for Sale - Cost of Goods Sold Ending Inventory Cost per # of units unit Cost of Goods Available for Sale Cost of # of units in # of units sold Cost per unit Cost per Goods Sold ending inventory unit Ending Inventory $ 0 $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 0 0 0