Part 3 of 4 2.5 points 03 03:37:00 eBook Print References Check my work Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 [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 Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 195 units @ $85 per unit 495 units @ $90 per unit 310 units @ $95 per unit 390 units @ $97 per unit 1,390 units Units Sold at Retail 515 units @ $120 per unit 350 units @ $130 per unit 865 units For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 455 units from the March 5 purchase; the March 29 sale consisted of 135 units from the March 18 purchase and 215 units from the March 25 purchase. Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending invertory 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 Cost of # of units Cost per unit Goods # of units Available sold Cost per unit Cost of # of units in Goods for Sale Sold ending. Inventory Cost per unit Ending Inventory Beginning inventory Purchases: March 5 195 $85.00 $ 16,575) 60 $ 85.00 $ 5,100 85 $85.00 $ 7.225 March 18- 310 March 25 495 $90.00 $95.00 390 $97.00 44,550 455 $ 90.00 40,950 90 $ 90.00 8,100 29,450 135 $95.00 12,825 175 $95.00 16,625 37,830 215 $97.00 20,855 175 $97.00 16.975 Total 1,390 $128,405 865 $ 79,730 525 $ 48,925 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Cost of Goods Sold Ending Inventory # of units Cost per unit Available for Sale # of units sold. Cost per unit Cost of Goods Sold # of units in ending Cost pe unit Ending Inventory Inventory Beginning inventory Purchases: March 5 195 $85.00 $ 16,575 60 $ 85.00 $ 5,100 85 $ 85.00 $ 7,225 495 $ 90.00 44,550 March 18 310 $95.00 29,450 March 25 Total 390 $ 97.00 37,830 1,390 $128,405 60 $ 5,100 85 0 0 0 $ 7,225 c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods # of units Cost per # of units unit Available for Sale sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Beginning inventory Purchases: March 5 195 $ 16,575 495 44,550 March 18, March 25 310 29,450 390 37,830 Total 1,390 $128,405 $ 0 $ 0 d) Specific Identification: Cost of Goods Available for Sale Cost of Cost of Goods Sold Ending Inventory. Cost of # of units in