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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 180 units e $52.60 per unit 265 units @ $57.60 per unit Date Activities Mar 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 340 units @ $87.60 per unit 125 units @ $62.60 per unit 230 units e $64.60 per unit 800 units 210 units @ $97.60 per unit 550 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 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. Perpetual FIFO Cost of Goods Sold Goods Purchased # of units unit Cost per Date # of units Cost per sold unit Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 180 @ $ 52.60 = $ 9,468.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Perpetual LIFO: Goods Purchased Cost of Goods Sold tof Cost per Date Cost per # of units sold Inventory Balance Cost per Inventory # of units unit Balance 180 @ $ 52.60 = $ 9,468.00 units unit Cost of Goods Sold unit March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit Cost of Goods Sold Inventory Balance # of units sold Cost per Cost of Goods Sold unit Cost per # of units unit Inventory Balance March 1 180 $ 52.60 = $ 9,468.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals 0.00 Specific Identification: Goods Purchased Date # of units Cost per Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per unit Inventory Balanco # of units Cost per unit Inventory Balance 180 @ $ 52.60 = $ 9,468.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00