Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per unit Date Cost per # of units sold Cost per cost of Goods Sold Inventory Balance Inventory # of units unit Balance 140 @ $ 51.80 $ 7,252.00 units unit March 1 March 5 245 @ $ 56.80 140 @ $ 51.80 $ 56.80 245 @ $ 7,252.00 13,916.00 $ 21,168.00 March 9 $ @ 140 160 @ $ 51.80 $ 56.80 7,252.00 9,088.00 16,340.00 $ 51.80 $ 56.80 = 85 @ = 4,828.00 $ 4,828.00 $ March 18 105 @ $ 61.80 @ 85 @ 105 @ $ 51.80 $ 56.80 = $ 61.80 4,828.00 6,489.00 $ 11,317.00 March 25 190 @ $63.80 @ $ 51.80 @ @ @ $ 56.80 $ 61.80 $ 63.80 March 29 $ 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 140 units @ $51.80 per unit 245 units @ $56.80 per unit 300 units @ $86.80 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 105 units @ $61.80 per unit 190 units @ $63.80 per unit 170 units @ $96.80 per unit 470 units 680 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 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 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 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO