Perpetual FIFO Perpetual LIFO Specific Id Average Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. Inventory Balance Specific Identification: Goods Purchased # of Cost per Date units unit March 1 March 5 Cost of Goods Sold # of units Cost per cost of Goods sold unit Sold # of units 160 @ uniter Inventory Balance $ 52.20 = $ 8,352.00 March 9 March 18 March 25 March 29 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of Cost per| # of units Cost per a ace e uluoe... Date Sniper Cost of Goods Sold # of units Cost per "Inventory Balance units unit sold unit March 1 160 @ $ 52.20 = $ 8,352.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals 0.00 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 160 units @ $52.20 per unit 255 units @ $57.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 320 units @ $87.20 per unit 115 units @ $62.20 per unit 210 units @ $64.20 per unit 190 units @ $97.20 per unit 510 units Totals 740 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 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per cost of Goods Sold unit # of units sold Date Inventory Balance Cost per Inventory unit Balance 160 @ $52.20 = $ 8,352.00 March 1 March 5 March 9 160 March 18 $62.20 March 25 | 210 @ $64.20 @ $64.20 March 29 95 95 Perpetual FIFO perpet LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Date Inventory Balance # of units Cost per Inventory Balance 160 @ $ 52.20 = $ 8,352.00 unit March 1 March 5 March 9 March 18 March 25 March 29